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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