Economics

France Cuts Growth Forecast as Ukraine War Spurs Inflation Surge

French government now sees GDP growth of 2.5% this year
Finance Ministry officials also blame Covid resurgence, China

WATCH: France slashed its economic growth forecast on Tuesday. Caroline Connan reports.Source: Bloomberg

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By Gaspard Sebag and William Horobin

June 28, 2022 at 6:00 PM UTC

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The French government slashed its economic growth forecast on Tuesday, underscoring the constraints on President Emmanuel Macron as he tries to repair public finances from the Covid pandemic and support households struggling with rising prices.