French and Eurozone Growth Slows as Inflation Eases Slightly
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French GDP grew just 0.1% in Q3, slowing from 0.6% growth in Q2, as foreign trade shrank and companies drew down inventories. But domestic demand rose.
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Eurozone growth expected to slow to 0% in Q3, from 0.1% in Q2, meaning almost no growth over the last year.
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Eurozone inflation forecast to drop to 3.1% in October, from 4.3% in September, led by easing energy and food prices.
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French inflation fell to 4.5% in October, lowest since February 2022, due to slower rises in energy, food and manufactured goods prices.
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Portuguese GDP shrank 0.2% in Q3 after rising 0.1% in Q2, as exports fell. Domestic demand moved from negative to positive contribution.