Assessing the impact of Trump´s tariffs on the region
Astrov, Vasily
Assessing the impact of Trump´s tariffs on the region - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2025. - 152 S., 30 Tables and 48 Figures and 4 Boxes, 30cm. - wiiw Forecast Reports Spring 2025 . - wiiw Forecast Reports Spring 2025 .
The global economy is set to suffer from new US tariffs, which will remain above pre-2025 levels and drive trade disruptions, financial volatility, and a downgrade in euro area GDP this year. In CESEE, the tariffs and their spillover effects from the EU, especially Germany, will slow regional growth to 2.6% in 2025. Private consumption and investment continue to support growth, but exports will struggle amid the US-led trade war. Political instability, unresolved conflicts, and ongoing risks from the war in Ukraine—compounded by the potential for an unfavourable settlement or Ukrainian collapse—pose additional threats to CESEE’s economic outlook and regional security.
ISBN 9783852090818
CESEE Central and Eastern Europe
economic forecast
Western Balkans
CIS
Ukraine
Russia
Turkey
EU
business cycle
economic sentiment
euro area
convergence
labour markets
unemployment
Russia-Ukraine war
commodity prices
inflation
price controls
trade disruptions
renewable energy
gas
electricity
monetary policy
fiscal policy
impact on Austria
Albania
Austria
Belarus
Bosnia and Herzegovina
Bulgaria
Central and East Europe
CESEE
CIS
Croatia
Czechia
Estonia
Euro Area
European Union
Hungary
Kazakhstan
Kosovo
Latvia
Lithuania
Moldova
Montenegro
North Macedonia
Poland
Romania
Russia
Serbia
Slovakia
Slovenia
Southeast Europe
Turkey
Ukraine
US
Western Balkans
Assessing the impact of Trump´s tariffs on the region - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2025. - 152 S., 30 Tables and 48 Figures and 4 Boxes, 30cm. - wiiw Forecast Reports Spring 2025 . - wiiw Forecast Reports Spring 2025 .
The global economy is set to suffer from new US tariffs, which will remain above pre-2025 levels and drive trade disruptions, financial volatility, and a downgrade in euro area GDP this year. In CESEE, the tariffs and their spillover effects from the EU, especially Germany, will slow regional growth to 2.6% in 2025. Private consumption and investment continue to support growth, but exports will struggle amid the US-led trade war. Political instability, unresolved conflicts, and ongoing risks from the war in Ukraine—compounded by the potential for an unfavourable settlement or Ukrainian collapse—pose additional threats to CESEE’s economic outlook and regional security.
ISBN 9783852090818
CESEE Central and Eastern Europe
economic forecast
Western Balkans
CIS
Ukraine
Russia
Turkey
EU
business cycle
economic sentiment
euro area
convergence
labour markets
unemployment
Russia-Ukraine war
commodity prices
inflation
price controls
trade disruptions
renewable energy
gas
electricity
monetary policy
fiscal policy
impact on Austria
Albania
Austria
Belarus
Bosnia and Herzegovina
Bulgaria
Central and East Europe
CESEE
CIS
Croatia
Czechia
Estonia
Euro Area
European Union
Hungary
Kazakhstan
Kosovo
Latvia
Lithuania
Moldova
Montenegro
North Macedonia
Poland
Romania
Russia
Serbia
Slovakia
Slovenia
Southeast Europe
Turkey
Ukraine
US
Western Balkans