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Commenting on the French 2017 budget.........>

FRANCE
FRANCE: Commenting on the French 2017 budget deficit data this morning, Frederik
Ducrozet from Pictet Wealth Management says "French public deficit down to -2.6%
of GDP in 2017, much better than expected and below 3% for the first time in ten
years, thanks to very strong fiscal revenues (+4%). Social security with a
surplus for the first time since 2008.".
- Ducrozet adds "Strong growth by far the biggest driver of the reduction in the
French deficit."

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