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Macron’s Government Charts Path for Gradual Deficit Reduction

  • Plans rely on pension reform, full employment, investments
  • Government warns economic situation is difficult and uncertain
French President Emmanuel Macron

French President Emmanuel Macron

Photographer: Valeria Mongelli/Bloomberg

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France set out a five-year plan to gradually reduce its crisis-swollen budget deficit, relying on expectations of strong economic growth to avoid sharp spending cuts.