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Trump’s election affects European economic growth – EADaily, November 8, 2024 – Economic news, European news

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Trump’s election affects European economic growth – EADaily, November 8, 2024 – Economic news, European news

According to the Financial Times, the consequences of the election of Donald Trump as the new president of the United States will further limit the economic growth of a united Europe. The EU really has a lot of problems: recession, rising energy costs, the consequences of the coronavirus pandemic, the conflict in Eastern Europe and much more.

EADaily recalls that politicians in Brussels have already announced the additional investments necessary to stimulate the economy in the amount of 800 billion euros per year. But the amount has further fueled divisions within Europe as states struggle to decide who will ultimately pay.

And the feeling of this pan-European crisis has only intensified, the source clarifies, “after the election of Donald Trump as president of the United States”. Goldman Sachs analysts also remind us of a possible threat from the New World to the Old: Washington could impose tariffs on most goods imported from Europe.

Furthermore, it is still a long way from reaching some kind of general European agreement and a common position, since in the EU “All the old disagreements have returned.”.

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