France revises economic growth forecast
The economic growth forecast in France has been revised upwards for the year 2003. As per the official declaration by the Ministry of Finance, the growth target to be reached by the end of this year is set as 2-2.5% due to the positive developments in close relation with the completion of war in Iraq. French officials express that the latest developments in this respect will ease the concerns and bring the uncertainty to an end, giving relief to the global economy. Based on this fact, the previous forecast of 1.3% has been revised upwards.