24 January 2025 Eurozone Monitor Peering into the unknown: How US tariffs could hit Eurozone GDP
22nd Jan 2025 10:02EurozoneDaily Monitor
- Our baseline assumes a mild US tariff rate increase and therefore limited impact on EZ exports and GDP.
- If the US raises tariffs on all goods apart from EU goods, GDP could rise by twice as much this year.
- A big universal tariff increase instead could see a Eurozone recession and GDP falling by 1% or so.
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