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Germany Faces Recession Threat Amid U.S. Tariff Alarm

2/18/2025

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Summary

Story summary

Germany's economy is on shaky ground, with Bundesbank President Joachim Nagel sounding the alarm over U.S. tariffs. He warns that trade wars could lead to a staggering 1.5% decline in economic output by 2027. Already grappling with the aftermath of COVID-19 and the Ukraine conflict, Germany faces the looming threat of deeper recession if retaliatory measures are taken.

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Story summary

Germany's economy is on shaky ground, with Bundesbank President Joachim Nagel sounding the alarm over U.S. tariffs. He warns that trade wars could lead to a staggering 1.5% decline in economic output by 2027. Already grappling with the aftermath of COVID-19 and the Ukraine conflict, Germany faces the looming threat of deeper recession if retaliatory measures are taken.