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ECB: March Projections Start to Incorporate US Tariffs

ECB
BundesbankCentral Bank NewsFixed Income BulletsCEEMEAEurozoneGermanyBulletMarketsEuropean Central BankForeign Exchange Bullets

Full ECB March macroeconomic projections link here:

  • Projections are starting to incorporate tariffs, but only those announced: "Although the baseline projection only includes the impact of new tariffs on trade between the United States and China, the negative effects of uncertainty regarding the possibility of further changes in global trade policies, particularly vis-à-vis the European Union, are assumed to weigh on euro area exports and investment. "
  • We will provide more comprehensive coverage in due course.
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Full ECB March macroeconomic projections link here:

  • Projections are starting to incorporate tariffs, but only those announced: "Although the baseline projection only includes the impact of new tariffs on trade between the United States and China, the negative effects of uncertainty regarding the possibility of further changes in global trade policies, particularly vis-à-vis the European Union, are assumed to weigh on euro area exports and investment. "
  • We will provide more comprehensive coverage in due course.