BRICEST and the trade dispute threaten European growth

of annual economic output if Britain leaves the bloc next year without a free trade agreement, then Britain will leave the European Union on March 29, 2019.

The IMF wrote in its annual report of the nineteen countries adopting the single currency, that "the economy of the euro is still in good shape, growth is still strong" Time is running out for the exit negotiations ", he said, adding that there was a growing risk of escalating trade tensions with Washington after the United States imposed high tariffs on steel and aluminum imports. Great Britain of the European Union without any progress in the fight against the threat of a destabilizing exit. "

The IMF report states that" the eurozone is experiencing strong growth despite the recent slowdown. "

2.2% in 2018 and 1.9% in 2019 before falling to 1.5% in years

In a separate chapter on the economic impact of the imminent exit of the EU, the International Monetary Fund said that "the integration of the EU and the United Kingdom Uni's 'is significantly improved with the common gains of the EU's single market.' "The result is that the UK's exit from the EU will be a loss not just for the UK , but for the 27 members of the EU. "

The loss of Irish economic output, in particular, may be just as important to Britain itself

The IMF also criticized" political inaction "among some of the most indebted countries in the region and a major threat to the future.The burden of public debt has barely In the indebted countries, leaving little room for the following shock: highly indebted countries should intensify their financial efforts to control deficits and reduce debt, while conditions remain favorable. 19659014] Regarding consumer prices, the IMF said that inflation in the single currency area "remains low, and should gradually reach" the target set by the European Central Bank close to 2%.

The ECB's commitment to keep interest rates low The current, at least until next summer, is "vital".

After the financial crisis, the ECB lowered interest rates to record levels and injected huge sums into the financial system through a quantitative easing policy.

But with the recent growth in the eurozone, the ECB is preparing to retreat from this policy

[New Arab, AFP, Reuters]