Bank of France cuts 2018, 2019 growth forecasts

The Bank of France cut its growth forecast for 2018 and now expects GDP to expand by 1.6% this year instead of the 1.8% estimated three months ago. France's central bank cited a weaker-than-expected start as one of the reasons for lowering this year's forecast.

Additional forecasts:

   •  2019 GDP growth forecast lowered to 1.6% from 1.7% in June.
   •  2018 HICP inflation forecast raised to 2.1% from 2.0% previous.
   •  2019 HICP inflation forecast raised to 1.7% from 1.5% previous.

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