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U.S. Tariffs Likely to Hit EU Growth More Than Inflation
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U.S. tariffs are likely to impact growth faster than inflation and the European Central Bank will keep cutting interest rates as a result, at least in the short term, BNP Paribas Markets 360's Paul Hollingsworth said in a webinar. "The negative impact on growth stemming from tariffs and the uncertainty related [to them] is probably going to come quicker than the boost you are getting to the medium-term growth prospects from higher fiscal spending," the head of developed markets economics said. BNP Paribas Markets 360 expects ECB rate cuts in April and June.
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