Eurozone growth threatened by global trade war, economists warn

Contributing sentiments towards policy:

45% : Predicting the Eurozone economy would end next year 1 per cent smaller than at the start, Llewellyn said "investors at present are unwarrantedly complacent about what President Trump is likely to bring"."Economic stability is far more fragile than the modern generation recognises," he said.
45% : "The EU is far from in a weak position," said Christian Dustmann, director of Berlin-based economic think-tank Rockwool Foundation.
42% : "[The EU] may want to use the threat of retaliation as part of the negotiation.
41% : If Trump is true to his word, the tariffs would represent the most significant rise in US protectionism since the era of the Great Depression and raise the prospect of retaliation elsewhere.
41% : But ultimately, tariffs are a self-inflicted harm, and the EU would be better off not using them," said Isabelle Mateos y Lago, chief economist at BNP Paribas.
37% : "Europe will be exposed to tariffs and a push by Trump to force more aggressive decoupling from China.
31% : Most of the polled economists -- 61 per cent -- back ECB president Christine Lagarde's call to EU policymakers to engage in trade negotiations with Trump to avoid an all-out trade war.
21% : "Trump has the mentality of a playground bully," said Kamil Kovar, senior economist at Moody's.

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