France sees growth recovery in 2013
Updated: 2012-08-20 07:09
(Xinhua)
|
||||||||
PARIS - French Finance Minister Pierre Moscovici on Sunday saw a "real potentiel for growth" next year, dismissing any eventual move to lower further next year's growth target of 1.2 percent.
Speaking in an interview with the weekly paper Le Journal De Dimanche, Moscovici said "Once we are able to regain momentum in Europe and France, we have a real potential for growth in 2013."
The minister added France will "support the activity by an active economic policy, especially in favor of purchasing power, housing and comapanies' investment," to revive the country's sluggish economy despite gloomy indicators.
France, Europe' second main powerhouse, reported a zero-growth for the April-June period this year for the third consecutive quarter, ringing an alarming bell of a recession.
But accroding to Moscovici, "weak growth is not a fatality" as "structural reforms ... will stimulate growth."
As for the budget deficit target of 3 percent, the minister reiterated the government's pledge to be in line with European safe standard of budget gap.
"We do not maintain a deficit target of 3 percent in 2013 for the sake of it: cutting debt is imperative to maintain our sovereignty and the control of our destiny," he stressed.
The ruling Socialists said 33 billion euros ($40.7 billion) will be needed to narrow the deficit to 3 percent of GDP in 2013. But an expected limp growth triggered concerns that the government may struggle to realize its promises of economy recovery and budget deficit cut.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |