Eurozone is forecast to grow slower than earlier projected this year, as economic momentum moderated in the first half after vigorous expansion, the European Commission said Thursday. Moreover, the EU warned that further escalation of trade tensions could take a toll on economic expansion.
The single currency bloc is forecast to grow 2.1 percent this year and 2 percent next year, the European Commission said in its latest Summer Interim Economic Forecast. The projection for this year was downgraded from 2.3 percent.
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