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France cuts 2024 growth forecast

France cuts 2024 growth forecast
# 19 February 2024 02:08 (UTC +04:00)

France's 2024 growth forecast had been revised down from 1.4% to 1.0% and announced spending cuts of €10 billion, French finance minister Bruno Le Maire said, APA reports.

The revision takes into account the new geopolitical context, he said, referring among other issues to the war in Ukraine.

He also raised the situation in the Middle East, China's marked economic slowdown and a recession in Germany.

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