3 January 2001, 19:42  France and the entire 12-nation Euroland economy should absorb the emerging U.S. economic

hard landing well this year, mainly for "structural reasons," thereby leading to a reversal of the EMU-U.S. growth gap, a French economics think tank said Wednesday. While U.S. GDP growth is expected to drop to 1.5% in 2001 from 5.1% last year, growth in France -- as in Euroland as a whole -- is still seen averaging 2.5%, after 3.1% last year, said Philippe Lefournier, director of forecasts for the Expansion institute.

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