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europe faces recession risk amid looming trade war under trump tariffs

Europe faces the risk of a recession in 2025 due to proposed tariffs by President-elect Trump, according to analysts at ING. The eurozone, already experiencing sluggish growth, could be pushed into a full-blown recession as tariffs on imports, particularly affecting the automotive sector, threaten economic stability. Additionally, uncertainty regarding US military support for Ukraine may further undermine confidence in the European economy.
11:57 11.11.2024
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