European Union (EU) has warned that the "surge" of trade protection is a major threat to the growth of the Eurozone, despite the forecast. Economic prospects are more stable over the next two years.
In the May 2018 spring forecast, the EU Commission on Economic Affairs said the EU and Eurozone economy will grow by 2.3-2.4 percent in 2018 and about 2 percent in 2019. , the same as forecasted in February.
The official policy of the eurozone economy
However, in the new economic policies of US President Donald Trump has a strong tax on the imports into the US, has posed a real threat to the European economy.
European Commissioner for Economic and Financial Affairs Pierre Moscovici emphasized that the biggest risk to optimistic economic outlook was protectionism.
In addition, the Commission warns that the UK economy will grow slowly in the context of the country is leaving the EU (Brexit). Accordingly, the UK economy will grow by only 1.5% in 2018. Even in 2019, the year officially took place "divorce" between the EU and the UK, the economy of "fog land" will only growth of 1.2%.
Saturday, May 5, 2018
EU: Trade protectionism threatens economic growth Eurozone
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment