Great uncertainty continues to affect eurozone Economic recovery. Recovery will be stopped by tariffs in the near future; Fiscal policy will increase growth prospects in 2026. Desinflation forces mean that the ECB is likely to reduce prices In addition to September, ABN Amro economists are Jan -Paul Van de Keke and Bill Diviney Note.
Tariff uncertainty clouds eurozone prospects
“The release day was to provide clarity on the future US tariff policy and will have the economic impact of a particular eurozone. The day of liberation and a week later” if something-has only caused political insecurity. It culminated in a 90 -day break with mutual tariffs, which is 10% for tariff and fears when the steel is. ”
“March inflation was lower than the title fell from 2.3% in February to 2.2% and the nucleus fell from 2.6% to 2.6%. 2.6%. Inflation of elevated services has been the center of the ECB. Recently, the prospect of this front is significantly improved.
“The ECB reduced the deposit rate from 25 bp to 2.25%as expected widely. The press conference tone was Dovish, reflecting tariffs that hit the growth outlookTo. More importantly, the April section showed more reaction function to the tariffs; Before, some members of the Council were still in favor of a break. ”
