French consumer confidence has unexpectedly dropped to a record low of 78 in June from 79 in May, indicating that the French consumer can't be relied upon to help lift the economy out of its slump. The state auditor has added to the gloom, forecasting that the government's 2013 public deficit will be near to 4% of GDP, above its target of 3.7% and the EU goal of 3%.
Thursday, June 27, 2013
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