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european optimism tempered by trade war concerns and economic uncertainties

Europe's economic outlook remains cautious despite recent fiscal activism, with minimal changes to growth forecasts for 2025. The looming trade war and potential tariffs from the U.S. overshadow any government budget boosts, while rising bond yields may lead to austerity measures that could negatively impact growth. Despite these challenges, the job market and consumer spending show promise, but confidence remains key for sustained recovery.
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