european economy faces challenges amid political and trade uncertainties

Europe's economy saw a significant decline in November, with analysts predicting a potential interest rate cut by the Bank of England due to ongoing political uncertainties.

The Governor of the Bank of England emphasized the importance of free trade and warned against taking sides in the trade tensions between the U.S. and Europe.

Concerns are growing over a possible trade war and the potential impact on European markets if Chinese goods are redirected from the U.S. to global markets.

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