Donald Trump is on the cusp of a landslide victory and a return to the White House.AP Photo/Evan VucciEurope could take a hit to GDP in a second Trump presidency, Goldman Sachs analysts say.They point to increased uncertainty as the scope of the timing of Trump's sweeping tariffs remains unclear.European officials have long warned of huge growth impacts from a Trump win.As the world takes in the results of the US presidential election, regions around the world are determining what a Trump presidency might mean for their economies.Europe could face a big hit to economic growth as trade tensions increase, Goldman Sachs analysts said.
Similar Stories to Trump's Presidency Will Hurt Europe's Economic Growth Amid Renewed Trade Tensions, Goldman Sachs Says on Bing News
kcloonan@insider.com (Kelly Cloonan), Business Insider
Wed, 11/06/2024 - 9:18am
Topics: donald trump white house ap photo/evan vuccieurope tpu germany sweden switzerland ukraine joachim nagel january christine lagarde nato business insider trump us euro europe eu gdp goldman sachs ecb presidency economic growth renewed trade tensions analysts tariffs uncertainty tariff expect warned impacts increase spending huge duties risk point increased sweeping officials long exports countries world imports increases policy win magnitude actual set support military clear boost
BING NEWS:
- Trump's presidency will hurt Europe's economic growth amid renewed trade tensions, Goldman Sachs says
Europe could face a 0.5% hit to GDP in a second Trump presidency amid increased trade policy uncertainty and more defense spending, Goldman Sachs says.
11/6/2024 - 3:18 am | View Link - For Europe's markets, Trump's return spells euro pain but bond gains
Investors are bracing for further economic pain in Europe that could deepen euro losses and hurt its stocks, as a second Donald Trump presidency raises the prospects of hefty tariffs.
11/6/2024 - 1:20 am | View Link - Explainer: What's at stake for global markets in a Trump presidency
As Donald Trump appears poised to head back to the White House, the U.S. dollar and stock market are seen as winners, but a Republican presidency could weigh on bonds, emerging markets, clean energy ...
11/5/2024 - 8:28 pm | View Link - More
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