France cuts 2015-16 deficit forecasts, trims growth estimates

April 8, 2015 8:30 PM

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PARIS, April 8 (Reuters) - France will cut its public deficit slightly more than planned this year and next and bring it under the EU's cap of 3 percent of GDP in 2017 as expected, government officials said on Wednesday.

While it hopes to do better thanks to a weak euro and oil prices as well as low debt interest rates, the government stuck to its 1 percent growth forecast for this year and trimmed it slightly to 1.5 percent for 2016 and 1.5 percent in 2017.

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