France set for zero growth in last quarter: central bank

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The French economy is set for zero growth in the last quarter of the year, the Bank of France warned on Wednesday two days after the government announced a new round of austerity measures.

Meanwhile, the budget ministry said that the central government budget deficit, a component of the overall deficit, had fallen by 30 billion euros ($41.5 billion) at the end of September on a 12-month basis to 92.7 billion euros owing to a big fall in spending and a slight rise in revenues.

© 2011 AFP

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