France: Jospin Is Riding A Weak Wave

New Socialist Prime Minister Lionel Jospin is taking over a French economy that is improving after last year's disappointing 1.5% growth rate. However, the 2.5% pace expected for this year will not be potent enough to dent France's record 12.5% jobless rate until later this year, nor will it allow the government to meet the Maastricht Treaty deficit target of 3% of gross domestic product.

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