France stands by 2005 GDP growth forecast
PARIS, May 25 (AFP) - France on Wednesday stood by its prediction of between 2.0 and 2.5 percent economic growth for this year, a day after the OECD said growth in French gross domestic product would be just 1.4 percent in 2005.
“As regards the forecasts the government will make for 2005, we remain on the range of 2.0 and 2.5 percent,” said budget minister and government spokesman Jean-Francois Cope.
The Organization for Economic Cooperation and Development’s forecast published Tuesday of 1.4 percent growth in French GDP was a sharp downward revision from its previous 2.0 percent projection made in November.
Subject: French News