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The containers of freight transportation consist in the east of the banking city at the place of transportation station. Banking horizon skyscrapers rise behind them. The US President Trump’s aggressive customs policy can also be seen as a trade war against the rest of the world.
Photo by Arne Dedert/Picture Alliance through Getty Images
The eurozone economy has grown more than expected, 0.4% in the first quarter, the outbreaks of the Eurostat Statistics Agency showed on Wednesday, as global tariff tension causes uncertainty about the block growth prospects.
Economists surveyed by Reuters predicted the extension by 0.2% in the first three months of the year. This is compared to a revised 0.2% of growth in the last quarter of 2024.
The economic growth of the eurozone economic growth was insufficient for more than 2023 and 2024, even if the European Central Bank reduces interest rates, trying to stimulate growth and increase economic activity. ECB deposit rate, its key rate, was reduced to 2.25% Previously this month -Atnis from highs 4% in mid -2013.
In March, the ECB said it expected the Eurozone economy to grow by 0.9% in 2025, just below its January forecast. Fresh forecasts should come out in June with Central Bank politicians Last week offer For CNBC that the forecasts will prove to be decisions during decision -making.
On the sidelines of international spring meetings of the World Bank of Monetary Fund Policy and other economists and officials widely celebrate US tariff policy as a A key problem When it comes to growth.
ECB President Christina Lagarde noted that while “disinflation is so on the way that we are approaching completion” Shock that would “mitigate” the gross domestic product.
The European Union, which includes eurozone countries, is facing 20% of tariff tariffs with the United States, which has briefly reduced these measures with the beating in other counterparties by July for negotiations. The EU has now set its own retaliation measures. The block is also subject to additional steel tariffs, aluminum and car.
Data Released on Tuesday, nevertheless showed that economic sentiment in the euro area fell in April, reaching the lowest level since December 2024.
While the growth was humiliated, the eurozone zone is approaching 2% of the ECB target, which was 2.2% in March. The latest inflation data is expected at the end of this week.
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