EC Estimates France Will Miss Deficit Target in 2015

  The European Commission doubts that France will be able to cut its deficit to the target level – 3% of its GDP – in 2015, despite the austerity measures announced by the new government led by Manuel Valls. Last Monday, the European Commission released its latest economic forecast for France, estimating a 3.4% public […]

Moody’s Remains Skeptical of Hollande’s Economic Policies

Credit rating giant Moody’s has decided to maintain France’s credit rating as Aa1 or AA+, the second highest rating on its credit scale. The stability of the credit rating came after France’s economic policies underwent their first major test of the year in the markets on January 24. Moody’s outlook, however, is tinged with a […]

IMF Report Predicts Modest Recovery but Worsening Unemployment

In an official report on Tuesday, the International Monetary Fund (IMF) forecast a modest return to growth for France in 2014 while warning that unemployment would continue to rise, and advised the French government to ease its deficit reduction measures. In its review of the French economy—the Eurozone’s second largest after Germany, with a GDP […]