According to Brian Martin, analyst at ANZ, the deepening downturn in the European Union’s economy is a source of significant concern for global growth as EU accounts for 15% of world import volumes. Key Quotes “Services account for 75% of EU GDP and jobs. Emerging evidence of persistent weakness in that sector has negative implications for employment growth and domestic demand.” “Adding to uncertainty is the recent rise in EU-US trade tension. Whilst the EU wants to settle the Airbus dispute, there is a risk that tension could spill over. President Trump will decide about auto tariffs in mid-November.” “Europe is deeply integrated in the world economy and global value chains. A slowdown in European manufacturing and domestic demand would have negative repercussions for import partners.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EU diplomats: EU-UK negotiators hit stumbling block in Brexit talks related to future trade deal FX Street 4 years According to Brian Martin, analyst at ANZ, the deepening downturn in the European Union's economy is a source of significant concern for global growth as EU accounts for 15% of world import volumes. Key Quotes "Services account for 75% of EU GDP and jobs. Emerging evidence of persistent weakness in that sector has negative implications for employment growth and domestic demand." "Adding to uncertainty is the recent rise in EU-US trade tension. Whilst the EU wants to settle the Airbus dispute, there is a risk that tension could spill over. President Trump will decide about auto tariffs in mid-November." "Europe… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
