President Trump’s decision to pause the implementation of country-specific reciprocal tariffs provided relief for European economies, but the outlook has weakened along several other dimensions since early April. GS Research’s economists update their forecasts for European growth, inflation, and monetary policy.

Our weekly newsletter delivers the latest insights on economic forces shaping markets—from Goldman Sachs leaders, economists, and investors around the world.
You can unsubscribe at any time. For information about how your personal data will be used, visit Privacy Information and Resources.