France’s Ferrand: French budget deficit is likely to reach 3.4 % in 2019

Dhwani Mehta FXStreet

In an interview with a Sunday newspaper Le Journal du Dimanche, French National Assembly President Richard Ferrand expressed his take on the French budget deficit, Reuters reports.

Key Headlines:

"We take the responsibility of having a higher-than-expected deficit, probably at 3.4 percent of the gross national product. But it will be a cyclical peak, not a structural trajectory."

President Macron announced wage increases and a tax cut last week after riots.

Expected to take the deficit from what was projected to be 2.8% deficit.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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