Prime Minister Francois Fillon said on Monday that the French government has lowered its forecast for economic growth this year to 0.5 percent from 1.0 percent. The revision was made to "take into account the deterioration of the economic situation," he told reporters a day after President Nicolas Sarkozy unveiled plans for new taxes he hopes will fix France's ailing economy. Sarkozy is facing a presidential election in three months that he is tipped to lose to his Socialist rival Francois Hollande. In an hour-long broadcast carried by six channels Sunday, he unveiled plans for a hike in sales tax to 21.2 percent to fund a cut in employer social charges and a 0.1 percent "Robin Hood" financial transaction tax. Sarkozy's supporters say he believes the reforms will show that, unlike Hollande, he is courageous enough to do the dirty work to save France from economic meltdown.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor