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."

March 04, 2024
3 Articles