IMF cuts eurozone growth forecasts as Germany slows and Italy stalls
06 November 2019 - 19:08
Brussels — Eurozone economic growth is set to slow more than expected as the bloc’s manufacturing crisis could spill over to the larger services sector under protracted global trade tensions, the International Monetary Fund (IMF) said on Wednesday.
The IMF said the 19-country eurozone would grow by 1.2% in 2019, revising down its earlier estimates from April of 1.3% growth for the bloc. That is a significant slowdown compared with 2018’s 1.9% expansion...
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