The USA's plans to reorganize world trade through tariffs have triggered a global growth shock. Consensus forecasts for real GDP growth in 2025 have been revised downwards, with 1.4% expected in the USA, compared with 2% previously, and 0.8% for the Eurozone. However, the eurozone could see renewed growth thanks to the effects of stimulus measures, both in defense and infrastructure. We forecast eurozone GDP growth of 1.2% in 2026 and 1.4% in 2027, compared with 0.4%, 0.9% and 0.3% in 2023, 2024 and 2025 respectively.
Can European real estate benefit from the US trade war?
Par Rich Hill, Head of Real Estate Research and Strategy chez Principal Asset Management
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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