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Trading news
4 May 2018
EU says protectionism poses threat to economic growth - Xinhua News Agency
The European Commission expects the economic growth to remain strong and cites trade protectionism as the biggest risk to the rosy economic outlook.
Key points/quotes (Source: Reuters, Xinhua News agency)
The GDP in both the EU and the eurozone is set to remain strong in 2018 and ease only slightly in 2019.
The biggest risk to this rosy outlook is protectionism, which must not become the new normal: that would only hurt those of our citizens we most need to protect - EU's Moscovici.
The combination of pro-cyclical fiscal stance in the U.S. and inward-looking trade policies represent "a dangerous nexus in our view - EU's Moscovici