Reuters recently reported the below-seen highlights from the German Economic Institue’s recently published report.
- German exports will probably be affected across the board by unilateral US auto tariffs.
- See inflation rate rising to 2.0% in 2019, 1.9% in 2020.
- Escalation of the trade conflict that would result in wider tariffs could lead to a major recession in Germany and Europe.
- Germany and Europe so far have been largely unaffected by trade conflict started by US.
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