EU predicts slight growth for eurozone but warns U.S. protectionism could hurt economies.

The EU Commission predicts modest growth for the eurozone, with a 0.8% increase this year and a 1.3% rise next year, as consumers recover from inflation. However, the commission warns that U.S. protectionist policies, potentially involving new tariffs under President-elect Trump, could harm both economies. European Economic Commissioner Paolo Gentiloni emphasizes the need for open trade and cooperation. Inflation is expected to be 2.1% next year, slightly above the EU's target.

November 15, 2024
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