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2025-07-28 23:29:25
[Oxford Economics: Eurozone economy expected to grow 1.1% this year] 08:57 EST - Oliver Rakau of Oxford Economics wrote in a report that higher U.S. tariffs on European exports will not affect current expectations for eurozone economic growth. Most European imports to the United States will be subject to a 15% tariff. While this rate is higher than previously expected, there are some positive factors. Rakau said these factors include the end of uncertainty and the EU's decision not to impose retaliatory tariffs on U.S. goods. Oxford Economics still expects the eurozone economy to grow by 1.1% this year and 0.8% in 2026. (Dow Jones)
