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PARIS, Sept 11 (Reuters) – Emmanuel Moulin, France’s central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country’s public deficit.
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Moulin, speaking to RTL radio, was speaking after INSEE revised downward on Thursday its economic forecast for the euro zone’s second-largest economy, saying it was now expected to grow just 0.4% this year. Moulin cited several factors such as a deadly heatwave and issues at Airbus.
The national statistics institute had previously forecasted growth of 0.7%, already short of last year’s expansion recorded at 0.9%.
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The government is expected on Friday to downwardly revise its own forecast, currently set at 0.7% growth, as it prepares to send its 2027 budget bill to parliament at the end of the month.
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(Reporting by Dominique Vidalon; Editing by Makini Brice)
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