Skip to main content
Advertising

Originally published Monday, March 31, 2014 at 6:03 AM

  • Share:
             
  • Comments (0)
  • Print

French 2013 deficit, debt higher than expected

France's state statistics agency says the deficit shrank less than expected last year, and debt continued to grow to 93.5 percent of GDP.


Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

PARIS —

France's state statistics agency says the deficit shrank less than expected last year, and debt continued to grow to 93.5 percent of GDP.

The figures released Monday are the latest sign of trouble for the unpopular Socialist government, expected to be replaced imminently.

The Socialists suffered a blow in nationwide municipal elections Sunday amid widespread disappointment at President Francois Hollande's handling of the stagnant economy and persistently high unemployment.

The Insee statistics agency says the deficit was 4.3 percent in 2013, above the 4.1 percent the government had promised and above EU targets.

The French economy avoided sinking into a new recession, growing 0.3 percent in the fourth quarter, up from a 0.1 percent drop in the previous quarter. But the overall prospects for growth are slow.



Want unlimited access to seattletimes.com? Subscribe now!

News where, when and how you want it

Email Icon

Get ready for 2015

Get ready for 2015

The Seattle Times 12-month wall calendar features hand-picked photos of life in the Pacific Northwest. Order while supplies last!

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►