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Trump's Policies to Hurt Europe's Economy: Goldman Sachs
Goldman Sachs forecasts that President-elect Trump's protectionist policies will negatively impact Europe's economy, particularly Germany's, due to increased trade uncertainty and potential tariffs.
English
United States
PoliticsEconomyUs PoliticsEuropean UnionTradeGrowthGlobal
Goldman SachsVolkswagenNatoEuropean UnionBerenberg
Donald TrumpHolger Schmieding
- How did Goldman Sachs revise its Eurozone GDP growth forecast for next year?
- The investment bank lowered its Eurozone GDP growth forecast to 0.8% for next year, down from the previously predicted 1.1%, mainly due to increased trade policy uncertainty.
- How do Trump's trade policies affect the principles of open trade and global economic growth?
- Trump's policies, particularly tariffs on imported goods, undermine the principles of open trade and competition that have driven global economic growth.
- What is Goldman Sachs' prediction regarding the impact of President-elect Trump's policies on Europe's economy?
- Goldman Sachs predicts that President-elect Trump's protectionist policies will harm Europe's economy, especially Germany.
- What is the projected growth rate for Germany's economy next year, and how does it compare to previous forecasts?
- Germany's economy is expected to grow only 0.5% next year because of trade tensions, significantly lower than the previous forecast of 0.9%.
- How do Goldman Sachs and Berenberg differ in their assessments of the economic impact of Trump's policies on Europe?
- While Goldman Sachs anticipates limited tariffs on European economies, primarily targeting auto exports, Berenberg forecasts a smaller negative impact, partially offset by increased US domestic demand and a stronger dollar.