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In the eye of the storm: IMF lowers Europe's growth outlook due to 'external turbulence'

2018-11-09 10:00:40       source:CNBC

November 8, 2018

Europe's growth prospects are at risk from a more turbulent external environment with trade tensions and tighter financial conditions at the forefront of global headwinds, according to the latest regional outlook from the International Monetary Fund (IMF).

Downgrading its growth forecasts for Europe for 2018 and 2019, the IMF said Thursday that the "the external environment has become less supportive and is expected to soften further in 2019 owing to slowing global demand, trade tensions and higher energy prices."

"Tighter financial conditions in vulnerable emerging market economies and maturing business cycles are also weighing on activity."

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