France expects 1.6% economic growth this year and less than 2% in 2011 and 2012, according to the European Commission; Germany is forecast to post 3.7% this year followed by 2%-plus the following two years. France\’s budget deficit is forecast to be about 7% of gross domestic product in 2012; Germany\’s is expected to fall below 3%, according to the Organization for Economic Cooperation and Development.
Eventually, economists say, France might have to grapple with the size of its government. France\’s total tax burden—from income tax to payroll taxes—is 42%, compared to 37% in Germany
But, but, say it ain\’t so!
You mean there is a connection between overall tax levels and growth?