France's 2013 GDP Growth Was Likely 0.1%-0.2% -- Finance Minister
February 02 2014 - 2:32PM
Dow Jones News
By Inti Landauro
PARIS--France's finance minister Sunday said the country's gross
domestic product in 2013 likely expanded between 0.1% and 0.2% as
the government had expected, despite a slight contraction in the
third quarter.
"I have all reasons to think economic growth was close to 0.1%
and 0.2%, which is certainly not enough," Pierre Moscovici said in
an interview with French radio RTL Sunday evening.
He reiterated a forecast he had made three months ago after a
slight 0.1% contraction in the third quarter.
The French government expects economic growth will speed up this
year with a 0.9% expansion.
Separately, Mr. Moscovici said it is important car maker PSA
Peugeot stays majority-owned by French investors even after Chinese
car maker Dongfeng takes a stake in the company as part of a deal
expected in the coming weeks to inject capital into Peugeot.
Write to Inti Landauro at inti.landauro@wsj.com
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