Catherine Field: France Correspondent on the high annualised deficit sitting at 5.5% of the GDP - The Mike Hosking Breakfast

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. 

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