1.7 percent economic growth recorded in France February 15, 2012 - 12:30 AMT PanARMENIAN.Net - France's GDP grew slightly in the last quarter of 2011, bringing total economic growth for the year to 1.7 percent. The figure is slightly below the government's projection in October of 1.75 percent. It was announced Wednesday, Feb 15 by the national statistics agency, Insee. The French government has repeatedly revised down its growth expectations for this and last year in recent months, forcing new budget cuts to keep it on track to balance its budget by 2016. It now expects growth for 2012 to be just 0.5 percent. Those commitments are important to reassuring investors, skittish amid Europe's debt crisis, and for France's presidential campaign. President Nicolas Sarkozy has staked his credibility on reducing the deficit, The Associated Press reported.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
