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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