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The economic forecast for the Eurozone has been downgraded by the International Monetary Fund (IMF) due to ongoing trade tensions and political uncertainties. The IMF now predicts a growth rate of 1.2% for the Eurozone in 2020, down from its previous estimate of 1.4%. This revision is in line with the IMF’s overall global growth forecast of 3.3% for next year. The IMF also highlighted risks such as a disorderly Brexit and the potential for escalating trade disputes between the US and EU.



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