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France Warns that Oil to Us$100 Would Reduce Growth by 0.4% and Raise Inflation by a Percentage Point
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(EFE) – French finance minister Roland Lescure warned this Tuesday that if the price of oil is maintained at $100 per barrel, France’s growth would be reduced by three to four tenths and inflation would increase by a percentage point. In appearance before the National Assembly, he called the paralysis of the Strait of Ormuz “a new oil shock.” French nuclear advantage Lescure stressed that France is “relatively less exposed” thanks to its nuclear…
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