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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.
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