US tariffs hit Central Europe, Balkans growth: Europe bank

Eight out of ten European consumers, 83%, have considered that the new tariffs with the United States will increase the cost of living of families, as reported by the Consumers and Users Organisation (OCU) on Tuesday.A survey of nearly 5,000 people aged 25 to 79 years by the OCU, in collaboration with three other organisations in Belgium, Italy and Portugal, reveals the growing concern of consumers about the consequences of the application of US…

US tariffs hit Central Europe, Balkans growth: Europe bank

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

The European Bank for Reconstruction and Development plans to slow growth by 0.5 percentage points to 3 per cent. Slovakia and Hungary will be severely affected by their car industry.

Slovakia, Hungary Seen Among Worst Hit by Tariffs, EBRD Says

Eastern European countries are expected to be among the economies worst hit by risks related to trade tariffs, according to the European Bank for Reconstruction and Development.

The European Bank for Reconstruction and Development has reduced growth projections for dozens of countries because of US tariff policies.

Eastern European countries will be among the economies most affected by the risks associated with trade tariffs, RBC-Ukraine reports, citing an updated forecast from the European Bank for Reconstruction and Development (EBRD). As noted in the review, the United States introduced 25% tariffs on steel, aluminum, and cars and 10% tariffs on all goods from the EU. In the EBRD region in Europe, the largest impact of tariff increases on output is esti…