• 4.3% in 2015
  • 3.8% in 2016
  • 2.8% in 2017

Latest forecasts from the French govt budget statement just hitting the wires

  • total public deficit to hit 97.2% of GDP in 2015
  • 98.0 % in 2016
  • 97.3% in 2017
  • inflation forecast +0.5% 2014 ,+0.9% 2015, +1.4% 2016, +1.75% 2017
  • GDP +0.4% 2014, +1.0% 2015, +1.7% 2016, +1.9% 2017

Fin min Sapin says there will be spending cuts of EUR 14.9bln in 2016 and 2017