Economics

Bank of France Sees Uncertainty as Growth Slows, Prices Rise

  • War in Ukraine already weighing on economy, central banks says
  • Bank of France economist sees slowflation, not stagflation
A customer at a gas station in Toulouse, France.Photographer: Matthieu Rondel/Bloomberg
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France’s central bank said the war in Ukraine is already affecting the economy and creating high uncertainty that makes it tricky to forecast how much inflation will accelerate or the extent to which the recovery from the Covid pandemic will slow.