US EditionUS 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, according to the European Bank for Reconstruction and Development.
- The European Bank for Reconstruction and Development downgraded its growth forecast for the regions due to their reliance on Germany's struggling economy.
- As a result of US tariffs, economies in the regions should grow by 3.0 percent this year, slightly lower than previously anticipated.
- Beata Javorcik, chief economist at the EBRD, stated, 'Recent changes in US trade policy have left very few countries unaffected.
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59 Articles
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…
The governor of the Banco de España projects that the biggest disaster of the trade war will be the United StatesThe ECB prepares two more cuts of interest rates to leave them below 2% this year The governor of the Banco de España, José Luis Escrivá, foresees a coup of the trade war of less than a percentage point in the economic growth of Spain in the next three years, in accumulated. That is, a damage of just two or three tenths per year, from…
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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.
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