Economic Buzz: France cuts 2025 GDP forecast to 0.7% amid trade tensions

France's central bank lowered its 2025 GDP growth forecast to 0.7% from 0.9%, citing weaker export demand due to trade tensions. Growth for 2026 is now seen at 1.2%, down from 1.3%, while 2027 remains at 1.3%. The economy grew 1.1% last year. Inflation is expected to average 1.3% in 2024, down from a prior estimate of 1.6%, due to lower electricity prices, softer services, and slower wage growth.

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