BRUSSELS — Even before the French and German governments collapsed, Europe's economy had enough difficulties. Tepid growth and lagging competitiveness versus the US and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now Donald Trump is threatening tariffs.
BRUSSELS — Even before the French and German governments collapsed, Europe's economy had enough difficulties. Tepid growth and lagging competitiveness versus the US and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now Donald Trump is threatening tariffs.Solutions will be harder to find while the two countries that make up almost half of the eurozone economy remain stuck in political paralysis well into 2025.
8 percent next year, while Germany's economy is expected to shrink 0.1 percent this year, the second consecutive year of contraction, and rebound modestly with 0.7 percent next year. Germany faces headwinds from a shortage of skilled labor, excessive bureaucracy and higher energy prices, and efforts to address those issues have been stalled by squabbling in Scholz's coalition.
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