France set for zero growth in last quarter

PARIS, Nov 9 (AFP): The French economy is set for zero growth in the last quarter of the year, the Bank of France warned Wednesday two days after the government announced a new round of austerity measures. Meanwhile, the budget ministry said that the central government budget deficit, a component of the overall deficit, had fallen by 30 billion euros ($41.5 billion) at the end of September on a 12-month basis to 92.7 billion euros owing to a big fall in spending and a slight rise in revenues.