France to Lower Growth Forecast to Around 1%, Tribune Reports

Le Maire set to announce revised GDP outlook on Sunday evening
Finance minister already warned of change for 2024 on Thursday

Pedestrians walk along snow-covered ground in view of the Eiffel Tower, at Place de la Concorde in central Paris, France. — Pedestrians walk along snow-covered ground in view of the Eiffel Tower, at Place de la Concorde in central Paris, France.
Photographer: Nathan Laine/Bloomberg

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By Tara Patel

February 17, 2024 at 10:30 PM UTC

This article is for subscribers only.

Finance Minister Bruno Le Maire is poised to cut France’s 2024 economic growth forecast to around 1% and unveil a savings package, according to La Tribune.

Le Maire will revise the outlook for gross domestic product from 1.4% during a planned TF1 television interview on Sunday evening, La Tribune reported, without saying where it got the information. The minister will also say that €20 billion ($21.6 billion) in savings over two years are needed to make up for the shortfall in output, the newspaper said.