Goldman Sachs slashes growth forecasts for Germany, UK and wider Europe on Trump win ...Middle East

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Goldman Sachs slashes growth forecasts for Germany, UK and wider Europe on Trump win
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By Hanna Ziady, CNN London (CNN) — President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to increase defense spending and a hit to business confidence from higher geopolitical risk. Trump has repeatedly said America pays too much to defend its European allies, has questioned the role of NATO and suggested a quick resolution to Russia’s war in Ukraine, requiring less US spendi

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