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The Economic Times
The Economic Times

IMF cuts eurozone growth forecasts again on energy inflation risks

Paris - The International Monetary Fund warned Thursday that the energy price shock from the Middle East war, now in its fourth month, would drag down eurozone growth more than it previously expected, while pushing up inflation further.

Even if surging oil and gas prices are "temporary", the fund said consumer confidence would weaken amid more persistent energy market disruptions, raising the risk of spending pullbacks.

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