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German GDP to decrease by 1.2% by 2028 if Trump re-elected.
The German Economic Institute (IW) predicts that if former U.S. President Donald Trump regains office and increases import tariffs as proposed, Germany's GDP would decrease by at least 1.2% by 2028.
This is due to higher consumer prices and unemployment leading to decreased consumption and a confidence shock.
The study was published ahead of the U.S. presidential primary cycle's "Super Tuesday."
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El PIB alemán disminuirá un 1,2% para 2028 si Trump es reelegido.