Catherine Field: France Correspondent on the high annualised deficit sitting at 5.5% of the GDP
The Mike Hosking Breakfast · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The French GDP has taken a bit of a hit.
The country’s annualised debt for the year is sitting at 5.5%, higher than the 4.9% they were aiming for.
France Correspondent Catherine Field told Mike Hosking that the French Finance Minister has started to tell the country that they have to save around €10 billion, approximately $18 billion NZD.
GDP growth is now predicted to only be around 1%, she said, and people are not feeling very confident about the economy.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.