French cuts ’19 growth forecast to 1.4pc | 2019-03-21 |

French cuts ’19 growth forecast to 1.4pc

21 March, 2019 12:00 AM printer

PARIS: The French economy should grow about 1.4 per cent this year, Finance Minister Bruno Le Maire said on Tuesday, revising down the forecast of 1.7 per cent growth in this year's budget.

Mr Le Maire told the Senate's law and economic affairs commissions that the yellow vest anti-government unrest had in the short-term trimmed 0.2 percentage points off growth in 2018 and 2019, report agencies.

"Growth should be about 1.4 per cent in 2019, a number that I will confirm when the stability programme is presented," Mr Le Maire told senators in a hearing on the impact of the protests.