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Trading news
15 Nov 2017
French BudgetMin: France official 2017 GDP forecast remains at 1.7%
Comments crossed the wires from the French Budget Minister Darmanin, delivered in an interview with Les Echos.
Key Points:
France official 2017 GDP forecast remains at 1.7%.
Department being cautious, could have raised it to 1.8%.
All is done for the budget deficit to be brought back below 3% threshold at 2.9%.
Expects higher VAT revenue for 2017, additional EUR 1bln.
Planned exceptional tax on large companies is the lesser evil to help balance the budget, rather than higher taxes generally.