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- The French government cuts the forecast for GDP growth for 2019
The French government cuts the forecast for GDP growth for 2019
The French government has reduced the forecast for GDP growth for the next year, and the budget for 2019 will be based on a new forecast, said Prime Minister Edward Philippe in an interview with Le Journal du Dimanche.
According to the forecast, the economy will grow by 1.7% in 2019, although it was previously predicted that the expansion will be 1.9%.
Nevertheless, Prime Minister Edward Philippe said that France intends to cut taxes and cut government spending.
The government will submit its budget for 2019 at the end of September.
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