During the campaign last year, candidate François Hollande forecast that the economy in 2013 would grow 1.7%. Shortly after taking office, he shaved it down to 1.2%. Late last year, for the new budget, he chopped it to 0.8%. And now that too has gone up in smoke. Foreign Minister Laurent Fabius guesstimated on RTL that growth would instead be 0.2% to 0.3%.