ECB’s Cipollone: Trump tariffs could lead to reduction in growth inflation in Europe

December 3, 2024
-FCHFX

December 03, 2024 at 09:20AM

US tariffs have the potential to weaken European economy

That will lead to lower consumption and reduced pressure on prices

That makes me think we will have a reduction in growth and inflation

It’s a bit of an opposing view on prices though most would agree on the impact on the economy at least. On the former though, it perhaps will depend if Europe chooses to retaliate back or the extent of said reply I guess. So, we’ll have to see.

This article was written by Justin Low at www.forexlive.com.

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