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International Business Times

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US Tariffs Hit Central Europe, Balkans Growth: Europe Bank

European Union Europe United States Balkans Central Europe Donald Trump EBRD Beata Javorcik Germany Economic Growth

Many Central European and Balkan states rely on exports to Germany to support their economies (Credit: AFP)

Economic growth in Central Europe and the Balkans is expected to be strained this year by US President Donald Trump's tariff policies, Europe's development bank forecast Tuesday.

The London-based European Bank for Reconstruction and Development has downgraded its growth forecast for the regions, anticipating tariffs fallout owing to their heavy dependence on Germany's struggling economy.

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