According to a majority of economists polled by Reuters, Eurozone economic growth is likely to face the brunt of the ongoing US-China trade conflict, further hitting the growth, which is already dented by an appreciating EUR.
“While the consensus for growth in the latest Reuters poll of over 100 economists taken April 6-16 was little changed from a poll last month, private business surveys suggest eurozone growth momentum has peaked.
The range of forecasts in the latest poll showed lower highs and lower lows for growth in the region compared with last month.
Over 85 percent of 55 economists who answered an extra question said the trade spat between the U.S. and China will damage the eurozone economy, including one respondent who expects the impact to be significant.
The single currency, up about 3 percent this year, is expected to gain a further 4 percent against the dollar in a year, according to a separate Reuters poll.”
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