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Donald Trump's "protectionist rhetoric" on trade "has increasingly turned into action", the IMF said (Photo: Andre Skibinski)

EU and US risk 'negative shocks' to economy, IMF warns

France and Germany will be among the hardest hit by a global slowdown caused by US protectionism, the International Monetary Fund (IMF) has warned.

Germany, the economic engine of the eurozone, would grow above 2 percent of GDP this year and next year, but growth would fall to 1.9 percent in 2019 and 2020, the Washington-based lender said in its "economic outlook" on Monday (8 October).

French growth would shrink by a similar degree, it said, while the US itself would suffer a ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Donald Trump's "protectionist rhetoric" on trade "has increasingly turned into action", the IMF said (Photo: Andre Skibinski)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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