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French Finance Ministry raises inflation estimate, trims growth forecast
The French Finance Ministry has lowered its 2026 growth forecast and raised its inflation estimate to reflect the impact of the Middle East conflict. According to the ministry, the euro zone's 2nd largest economy will now grow by 0.9% in 2014 instead of the 1.0% previously expected. Inflation is expected to average 1.9%, instead of 1.3%, due to the higher energy import prices. The Finance Minister Roland Lescure stated that the current crisis will have "a modest impact" on the growth, citing momentum carried over from last years, and inflationary effects will be "limited" due to France's heavy dependence on...