The Bank of France cut its domestic growth outlook just days after President Emmanuel Macron named Francois Bayrou the country’s fourth prime minister in a year. The central bank cited the political upheaval as a drag on household and business confidence, saying it now expects only a 0.9% expansion in 2025 instead of 1.2% it predicted in September. Bloomberg’s Phil Serafino reports.
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News post in December 17, 2024, 12:05 pm.
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