France Won't Revise Growth Target Despite IMF's Lowered Outlook -- Finance Min.
07 October 2015 - 8:59AM
Dow Jones News
By Thomas Varela
PARIS--The French government won't revise its growth targets
after the International Monetary Fund lowered its outlook citing an
economic slowdown in emerging markets, Finance Minister Michel
Sapin said Wednesday.
"I don't think this will jeopardize the European economic growth
or jeopardize our growth targets," Mr. Sapin said in an interview
with French TV station iTele, refering to the slowdown in countries
like Brazil, China and Russia.
Mr. Sapin reiterated the government expects French gross
domestic product will grow 1% this year and 1.5% in 2016.
The IMF lowered its economic growth outlook to 3.1% in 2015 down
from 3.3%, though it kept its forecast for the Eurozone at 1.5%.
The IMF also lowered its economic growth forecast in the eurozone
for 2016 to 1.6% down from a previous 1.7%.
Write to Thomas Varela at thomas.varela@wsj.com
(END) Dow Jones Newswires
October 07, 2015 03:44 ET (07:44 GMT)
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