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Euronews
Euronews
Doloresz Katanich

Tariffs and defence spending: S&P Global slashes eurozone and UK growth forecast

European Union United Kingdom eurozone SP Global ECB United States Economy GDP Euronews Business Inflation

Economic uncertainty is set to reduce the eurozone economy, worth €14.6 trillion, by a cumulative 0.4% of GDP over 2025 to 2026, according to S&P Global’s latest report. 

In its latest economic forecast, penned before the 25% tariffs on US car imports were announced, S&P Global also lowered its previous expectations for the eurozone from 1.2% to 0.9% for 2025 due to this uncertainty.

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