France says 2013 deficit to be higher, 2014 growth lower
World BusinessSept 11, 2013
PARIS (AFP) -- Finance Minister Pierre Moscovici said Wednesday that France would fail to reach the deficit target it agreed with the EU for this year and lowered the government's growth forecast for 2014.Moscovici said France's 2013 public deficit will come in at 4.1 percent of GDP, higher than the 3.9 percent agreed with the European Union.But he said the 2014 deficit will come in at 3.6 percent and that France plans to push it back under the EU ceiling of 3.0 percent of GDP in 2015, which is