The outlook to be released in Brussels on Monday will point to the cumulative impact of trade threats and higher tariffs imposed by the US, along with the challenges of persistent weakness in Germany and political turmoil in France. Forecasts released in May were already downbeat in the wake of President Trump’s market-jolting “Liberation Day” announcement of levies the previous month, followed by a climbdown as he suspended action to pursue deals. The European Commission earlier predicted a 0.9% increase for gross domestic product in the euro area, and it’s likely to raise that estimate this time around.Read More
Europe Gauges Fallout From Trump’s Year of Trade Chaos
