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French PM cuts 2025 growth forecast to 0.9% from 1.1%

BY Reuters | ECONOMIC | 09:45 AM EST

PARIS, Jan 14 (Reuters) - French Prime Minister Francois Bayrou told parliament on Tuesday that his government is cutting its 2025 economic growth forecast to 0.9% from 1.1% and said that he will target a 2025 public deficit of 5.4% of GDP.

He added that his government is sticking to a public deficit target of 3% of GDP in 2029.

(Reporting by Sudipn Kar-Gupta and Benoit Van Overstraeten, writing by GV De Clercq, editing by Leigh Thomas)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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