Eurozone economy grows 0.4% in first quarter ahead of Trump’s tariffs

The Eurozone economy grew 0.4% in Q1, exceeding expectations ahead of Donald Trump’s tariff announcements, doubling the previous quarter’s growth of 0.2%. Analysts predict that the ensuing global trade war will adversely affect future performance, with indicators of declining business confidence and potential for a technical recession in H2. The European Central Bank has repeatedly lowered growth forecasts, now at 0.9% for 2025, and anticipates further interest rate cuts amidst rising trade tensions, while Germany and France showed minimal growth in the same period.

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