Lagarde sees "healthy" 1.6 percent French growth

13th December 2010, Comments 0 comments

French economic growth should come to a "healthy" 1.6 percent this year, Finance Minister Christine Lagarde said Monday.

"I have high hopes that we'll have a healthy 1.6 percent," said told RMC radio.

She noted that the government had been cautious in its previous assessments, raising its projection from 0.8 percent to 1.2 percent and then to 1.5 percent.

Prime Minister Francois Fillon on Saturday predicted that momentum would be "well above" the 1.5 percent foreseen by the government.

"The target of 2.0 percent is clearly within range," he told a meeting of the ruling UMP party.

Lagarde said growth would likely come to 2.0 percent in 2011.

Separately, the Bank of France reported Monday that the country's current account deficit shrank to 2.5 billion euros (3.3 billion dollars) in October from 4.4 billion in September.

The cumulative shortfall over the previous 12 months stood at 38.3 billion euros, the bank said.

© 2010 AFP

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