Frankfurt, Germany, June 5, 2025 (AFP) - 'Severe' tariff clash to cost eurozone one point of growth 2025-2027: ECB

NAMPA / AFP

2025-06-05

A "severe" trade war scenario in which the imposition of massive US tariffs provoked retaliation from trading partners would cost the eurozone one point of growth over three years, the European Central Bank said Thursday. In such circumstances, the eurozone would grow more slowly between 2025 and 2027, the period covered by the forecasts. All in all the impact would be equivalent to a drop in GDP growth of "about 1 percentage point" compared with......

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