France Economy Not in Danger but Deficit Must Be Cut
France faces a worrisome economic situation following a downward growth revision to zero point four percent for the year. Central bank chief Emmanuel Moulin urges budget cuts while highlighting national strengths.
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France central bank chief Emmanuel Moulin said Friday morning that the national economy is not in catastrophic danger, though public deficit cuts remain necessary. The warning follows a downward revision in national growth forecasts. Growth is now projected at 0.4% this year.
