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Germany faces two more years of recession if US trade war escalates: central bank
Germany faces two more years of recession if US trade war escalates: central bank
Economy
by  AFP

Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy. Trump's tariff blitz stands to hit export power Germany hard, as the United States was Germany's top trading partner in 2024, receiving huge quantities of its cars, pharmaceuticals and machinery.