The French GDP has taken a bit of a hit.

The country’s annualised debt for the year is sitting at 5.5%, higher than the 4.9% they were aiming for.

France Correspondent Catherine Field told Mike Hosking that the French Finance Minister has started to tell the country that they have to save around €10 billion, approximately $18 billion NZD.

GDP growth is now predicted to only be around 1%, she said, and people are not feeling very confident about the economy.

LISTEN ABOVE

The French GDP has taken a bit of a hit. 
The country’s annualised debt for the year is sitting at 5.5%, higher than the 4.9% they were aiming for. 
France Correspondent Catherine Field told Mike Hosking that the French Finance Minister has started to tell the country that they have to save around €10 billion, approximately $18 billion NZD. 
GDP growth is now predicted to only be around 1%, she said, and people are not feeling very confident about the economy. 
LISTEN ABOVE

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...