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US tariffs will drag on EU export growth, economic forecast says

( May 19, 2025, 10:36 GMT | Official Statement) -- MLex Summary: The European Commission's projection for real GDP growth in the EU this year is 1.1 percent, according to the EU’s Spring Economic Forecast for 2025. The bloc's exports are expected to grow by only 0.7 percent, due to higher US tariffs and rising trade uncertainty, the report says. The slowdown in the export of goods will be partially offset by the resilience of services exports, as these are less affected by trade tensions, according to the forecast.Statement follows and the forecast is attached. ...

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