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The Independent UK
The Independent UK
National
David McHugh

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

Europe Economy - (Copyright 2024 The Associated Press. All rights reserved)

Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union's executive commission said Friday.

The bloc's economy remains at risk from protectionist moves by major trading partners, the report said. U.S. president-elect Donald Trump has often talked about imposing new tariffs, or import taxes, on foreign goods.

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