Europe Weekly: Euro-zone economy benefiting from tariffs

The media focus this week has continued to be on EU-US trade negotiations as the pause on Liberation Day tariffs was extended beyond the 9th July deadline and President Trump threatened to send a letter raising tariffs on the EU again. But in the meantime, the evidence suggests that the economy has continued to expand in Q2 so we are nudging up our forecast for euro-zone GDP growth this year. 

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