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