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Bank of France Cuts 2026 Growth Forecast
The Bank of France has lowered its growth forecast for gross domestic product (GDP) in 2026 from 0.5% to 0.4%, citing a slowdown in consumer spending and caution among companies regarding new investments, amid uncertainty about energy prices, public finances, and geopolitical tensions. The bank expects the French economy to experience a temporary decline in households' purchasing power this year due to rising inflation driven by energy costs, with a recovery on an upward trajectory in 2027 and 2028. These forecasts come amid continued weak economic activity and declining domestic demand, despite the resilience of exports amid uncertain global conditions.
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