- Mario Draghi, the president of the
Eu ropean Central Bank, said that the EU's growth in 2019 would be lower than expected. - Hence, the EU’s demand for
imports will decline - something that will be exacerbated by the global trend towards protectionism. - This will have negative implications for
India , since the EU is its largest trading partner.
Given the downward projections for demand and growth in the Eurozone, there will be negative implications for the the bloc’s trading partners. The EU’s demand for imports will decline - something that will be exacerbated by the global trend towards protectionism.
India, which counts a number of European countries like Germany, Belgium and Italy among its top trading partners, is likely to suffer a decline in
The country’s exports to the EU have been steadily increasing in the last few years, despite stalled progress on a