Overview

• Goldman Sachs has reduced its growth forecast for the eurozone to 0.8% for next year, citing potential tariffs from Trump's administration.
• Germany, Europe's largest economy, is expected to see its GDP shrink by 0.6% due to proposed tariffs on auto exports.
• President-elect Trump has indicated plans for broad tariffs on European imports, with a focus on the automotive sector.
• BMW's CEO suggests the company might benefit from tariffs due to its significant manufacturing presence in the U.S.
• Analysts predict retaliatory tariffs from Europe, which could escalate trade tensions and further impact economic growth.