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(09/15/03) -

French Lose Confidence In Economy

(CPOD) Sept. 15, 2003 -Financial matters are a growing concern for French citizens, according to a poll by CSA published in La Tribune. 62 per cent of respondents say they are mostly pessimistic on economic matters, a 12 per cent increase in two years.

(CPOD) Sept. 15, 2003 -Financial matters are a growing concern for French citizens, according to a poll by CSA published in La Tribune. 62 per cent of respondents say they are mostly pessimistic on economic matters, a 12 per cent increase in two years.

The French budget deficit will apparently fall out of European Union (EU) limits for the third year in a row. Tax cuts introduced by prime minister Jean-Pierre Raffarin are expected to push the deficit to 4.0 per cent of the Gross Domestic Product in 2004.

Budget minister Alain Lambert recently stated that he expects a full recovery for the French economy sometime in 2006.

Polling Data

In assessing the economic situation in France for the next six months, do you currently feel mostly optimistic or mostly pessimistic?

Sept. 2003

Sept. 2002

Sept. 2001

Mostly optimistic

36%

39%

48%

Mostly pessimistic

62%

57%

50%


Source: CSA (Conseil, Sondage, Analyse) / La Tribune
Methodology: Interviews to 1,002 French adults, conducted on Aug. 27 and Aug. 28, 2003. No margin of error was provided.