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Trump, Brexit elevating economic risks for euro area: European Commission

GDP growth is expected to be 1.6 per cent this year, compared with 1.7 per cent last year

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The European Commission upgraded its forecast for Germany. Yet, with an increase in GDP of 1.6 per cent, that's still less than the 1.9 per cent growth rate it witnessed in 2016, the commission said.

Brussels

BREXIT and the election of Donald Trump are heightening economic risks for the euro area, the European Commission said, as it warned of continued fallout from the two political events that dominated 2016.

In its first set of economic forecasts compiled since Mr Trump's

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