Europe GDP Round-Up: Tariff Uncertainty Will Weigh On Growth
Country Risk / Europe / Fri 25 Apr, 2025

Key View
- Amid continued uncertainty regarding the Trump administration's tariff policy, growth risks are elevated across Europe.
- In analyzing the effects of the tough tariff scheme from the US, we consider three channels of transmission for the region that range from the direct impact on trade volumes to the US and indirect effects caused by global demand slowing, tightening global financial conditions and trade redistribution over the medium term.
- As might be expected, as we move through our forecast revisions we find that marke...
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