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France's economy not a catastrophe but deficit must be reduced, France's Moulin says
Emmanuel Moulin, France's central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country's public deficit. Moulin, speaking to RTL radio, was speaking after INSEE revised downward on Thursday its economic forecast for the euro zone's second-largest economy, saying it was now expected to grow just 0.4% this year. Moulin cited several factors such as a deadly heatwave and issues at Airbus. [....]