BRUSSELS—The European Union cut its 2018 eurozone growth forecast Thursday, as the bloc’s nascent trade conflict with the U.S. and political upheavals within the EU threaten to derail the common-currency area’s economic momentum.
Gross domestic product in the 19-member eurozone is set to grow 2.1% this year, the EU said in its quarterly report, cutting its 2.3% forecast from May. The rate is expected to ease to 2.0% in 2019, in line with previous expectations.
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