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France lowers 2012 growth forecast from 1.0pc to 0.5pc: PM

    PARIS: Prime Minister Francois Fillon said on Monday that the French government has lowered its forecast for econo
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The revision was made to "take into account the deterioration of the economic situation," he told reporters, a day after President Nicolas Sarkozy unveiled plans for new taxes he hopes will fix France's ailing economy.

Copyright AFP (Agence France-Presse), 2012