ECONOMY

EU slashes eurozone growth forecast on US trade war tensions

EU SLASHES EUROZONE GROWTH FORECAST ON US TRADE WAR TENSIONS

The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States were hitting the economy.

The European Commission, the EU's executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower than the 2.3 percent forecast just weeks ago in early May.

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