European economy faces growing risks from Brexit, trade tensions - EU's Dombrovskis

FILE PHOTO: European Commission Vice-President Valdis Dombrovskis holds a news conference at the EU Commission headquarters in Brussels, Belgium, June 5, 2019. REUTERS/Francois Lenoir - Copyright Francois Lenoir(Reuters)

By Reuters

Published on 26/09/2019 - 11:04•Updated 04/05/2024 - 09:48

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BRUSSELS (Reuters) - Economic growth in the European Union is slowing down as the bloc faces increasing risks from global trade tensions and the unclear outcome of Brexit, the EU's top economic commissioner Valdis Dombrovskis said on Thursday.

"Growth is slowing down and risks are mounting," Dombrovskis told a conference in Brussels. "Trade and geopolitical tensions translate into elevated and lasting uncertainty and the possibility of a disruptive Brexit remains real," he added.

(Reporting by Francesco Guarascio @fraguarascio; editing by Philip Blenkinsop)

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Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran.

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European economy faces growing risks from Brexit, trade tensions - EU's Dombrovskis

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