France will only slightly overshoot the European Union's deficit target thi...
PARIS - France will only slightly overshoot the European Union’s deficit target this year despite extra fiscal strain from a package of concessions to anti-government protestors, updated forecasts from the Finance Ministry showed on Wednesday.
However, facing a series of violent protests against the high cost of living and anti-elitism, Macron announced a more than 10 billion euro package of measures in December to boost the incomes of the poorest workers and pensioners. Following growth last year of 1.6 percent, the government now expects the economy to expand 1.4 percent annually from this year through to the end of Macron’s term in office in 2022, the forecasts showed.
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