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Euro zone growth, inflation outlook cut as risks from U.S. trade grow
The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc. In its quarterly economic forecasts, the European Union’s executive arm said prices would grow less than previously predicted, pushing the inflation rate further off the European Central Bank’s target of close to but less than 2%. The commission confirmed its prediction that economic growth in the euro zone would slow this year to 1.2% from 1.9% in 2018. It also revised down its estimate for next year’s growth, which is now seen at 1.4% instead ... (full story)