Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European Commission
The European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.
The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%.
Continue reading…Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading…
