Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 2025

The 10 largest American IPOs of all time

July 30, 2025

Applying for Social Security: How and when to do it

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»Goldman slashes European growth forecasts on Trump trouble
Economic News

Goldman slashes European growth forecasts on Trump trouble

November 7, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Access the exclusive White House Watch newsletter at no cost

Insights on the impact of the 2024 US election on Washington and the global landscape

The return of Donald Trump to the White House is projected to have significant economic repercussions on Europe, with potential trade disruptions and increased defense spending, according to Goldman Sachs.

The investment bank has revised its 2025 growth forecast for the Eurozone to 0.8% from the previous estimate of 1.1%. Similarly, the UK’s economic growth forecast has been adjusted to 1.4% from 1.6%. Projections for 2026 have also been slightly reduced.

Goldman Sachs’s forecast is based on the expectation of targeted tariffs, particularly on European auto exports, rather than the more severe blanket tariffs proposed by Trump. If the broader tariffs were to be implemented, the negative impact on growth would be even more significant.

While increased defense spending is anticipated, the overall effect on growth is expected to be minimal due to higher deficits leading to increased bond yields and heightened uncertainty surrounding trade policies.

Key points highlighted by Goldman Sachs include:

— Anticipated trade tensions and potential tariffs are likely to hinder economic growth in Europe.

— Renewed defense spending under President Trump’s administration may provide a limited boost to growth, but could be constrained by various factors.

— The overall impact on real GDP in the Euro area is estimated at 0.5%, with varying effects on individual countries.

— Growth forecasts have been adjusted downwards for the Euro area, the UK, and other European countries.

— The inflationary effects of Trump’s policy agenda in Europe are expected to be minimal.

— Lower policy rates across Europe are forecasted in response to Trump’s policies.

Europe’s focus on “strategic autonomy” in recent years may prove beneficial in navigating these economic challenges.

European Forecasts Goldman growth Slashes Trouble Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 2025

Delusional Seattle Democrats Blame Trump While Ignoring Their Role In Homelessness Crisis

July 29, 2025

End Game: Netanyahu Now Plans To Annex Gaza, Bowing To Extremist Members Of Coalition

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

4 Ways to Make Learning About Money a Blast

March 14, 20250 Views

SONEX launches on Soneium’s mainnet 

February 2, 20250 Views

UK businesses plan price increases as Budget drives up costs

January 5, 20258 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 20250
Investment

The 10 largest American IPOs of all time

July 30, 20250
Retirement

Applying for Social Security: How and when to do it

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.