France Turns to Economists to Improve Forecasting After Errors
- Budget deficit ballooned after government misjudged revenues
- Country plans huge spending cuts, tax hikes to narrow deficit
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The French government is enlisting the help of external economists to improve fiscal forecasting after errors during the previous administration undermined its efforts to rein in the deficit.
A group of experts meeting for the first time on Thursday will look at how to adapt predictions to an increasingly volatile backdrop and boost visibility on how public finances are piloted.