French PM relifts forecast of 2010 economic growth

09:43, November 10, 2009      

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French Prime Minister Francois Fillon said Monday France would see an economic growth between 1.0 percent and 1.5 percent for 2010, refreshing already upgraded expectation he made in September.

"We already know that we will have a doubtless growth of more than 1.0 percent, between 1.0 and 1.5 percent," Fillon said when visiting eastern French region, proud of France's leading pace in resisting the global economic crisis.

Fellion said he believed that France would have "one of the best performances" among the European countries after he upgraded the forecast for the second time following his September's remarks expecting 0.75 percent growth in 2010, up from the initial 0.5 percent.

He also ameliorated the contraction figure of 2009 from 2.25 percent to 2.2 percent, while in September the original forecast by the government was 3.0 percent.

After four straight quarters of negative growth since the crisis broke out, France gained first rebound in the second quarter this year, with a growth of 0.3 percent.

French central bank forecast on Monday the growth of 0.3 percent for the third quarter and 0.5 percent for the fourth quarter, local media reported.

Fillion's new estimation was almost in line with the forecast announced last week by the European Union, in which French economy will see 2.2 percent decline, while respective negative growth will be 5 percent for Germany, 4.6 percent for Britain and 3.7 percent for Spain.

For 2010 economy, EU estimated to see 1.2 percent growth in France and Germany, a minor growth of 0.9 percent in Britain, but still 0.8 percent contraction in Spain. 

Source: Xinhua
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