European Central Bank warns of sharp slowdown in global trade

BRUSSELS, 21st June 2025 (WAM) -- The European Central Bank (ECB) has warned of a significant slowdown in global economic outlook over the next two years, attributing it primarily to US tariffs and rising uncertainty surrounding international trade policies.

According to the ECB's June 2025 macroeconomic projections, global import growth is now expected to reach 3.1 percent in 2025, down by 0.4 percentage points