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France to expand growth more quickly than expected: PM

Xinhua, March 27, 2015 Adjust font size:

France would accelerate its growth more quickly than expected with the gross domestic product (GDP) which was set to reach 1.5 percent before 2016, French Prime Minister Manuel Valls forecast on Friday.

Speaking to iTele private news channel, Valls said "Insee, all institutes predict, when we have a growth rate around 1.5 percent that is to say, in 2016, unemployment will decline."

"Personally, I think we can reach this rate before," he added.

Already in a torrid battle to revive wane economy and high job claims, the ruling Socialists estimated the growth at 1 percent this year after registering 0.4 percent in 2014.

In 2016, the GDP was set at 1.7 percent before gaining two percentage points by the end of their mandate in 2017. Endit