French economy makes 'most progress in Europe'

5th May 2006, Comments 0 comments

PARIS, May 4, 2006 (AFP) - French Finance Minister Thierry Breton said Thursday the French economy was currently growing at an annual pace of between 2 and 2.5 percent and was making the most progress in Europe.

PARIS, May 4, 2006 (AFP) - French Finance Minister Thierry Breton said Thursday the French economy was currently growing at an annual pace of between 2 and 2.5 percent and was making the most progress in Europe.

"Growth is firmly established between 2 and 2.5 percent," he told the French parliament.

"Today, the figures are not known, but all the forecasters tell us that for the first quarter it (growth) should be about 0.6-0.7 percent" compared with the previous quarter, he said.

Breton, pointing to falling unemployment and an increase in consumer purchasing power last year, added: "France is the economy in Europe that is progressing at the fastest pace."

He forecast that the unemployment rate, which he stressed had fallen from 10.2 percent to 9.5 percent in less than 10 months, would fall "below the level of 9.0 percent by the end of the year" and to about 8.7 percent in 12 months.

Copyright AFP

Subject: French news

0 Comments To This Article