Jin10 reported on April 4 that Goldman Sachs economists stated that the latest tariffs from the United States have increased the likelihood of the European Central Bank lowering interest rates this year, including a rate cut in April. In a report, they indicated that the strengthening of the euro and the imposition of more aggressive tariffs on East Asia and other parts of Europe mean that inflation in the eurozone faces downside risks, which increases the possibility of the European Central Bank lowering rates three more times, with the deposit rate expected to fall to 1.75% by July. Since the announcement of the tariffs, financial conditions have also tightened. Furthermore, the U.S. government’s tough rhetoric against foreign retaliation signifies a greater risk of escalating trade tensions, which could push the eurozone into a technical recession. After assuming the impact of trade-related strikes, Goldman Sachs currently predicts a growth rate of 0.8% for the eurozone in 2025.
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