Barclays no longer expects the US economy to enter recession this year and has reviewed its growth forecasts.
Barclays considers unlikely that American economy Enter in recession this year and reviewed its growth forecasts, given the signs of a decrease in commercial tensions between the United States and China, the bank said in a note published late on Thursday.
Barclays said now he hopes that The United States economy grows 0.5% this year and 1.6% nextin the face of previous forecasts of -0.3% and 1.5%, respectively.
The reduction of uncertainty and the improvement of the economic context also led Barclays to raise your growth expectations for the euro zone. Now it provides null economic growth this year, compared to a previous 0.2% contraction.
Barclays said that a technical recession of the euro zone is still waiting in the second semester of 2025, but with a lower growth than the one foreseen previously.
“In general, We are still pessimistic about growth prospects in the euro zone Because uncertainty remains very high and negotiations on reciprocal tariffs between the European Union (EU) and the US remain at a technical level and there are no signs of progress, “Barclays said in a note.
What is the commercial truce
The Low tariff agreed by China and the United States He entered into force on Wednesday after both powers reached a 90 -day temporary pact during the negotiations that held last weekend in Geneva.
Beijing and Washington announced Monday in a joint statement that China would reduce from 125% to 10% tariffs on US products during the next 90 days and the US would do the own from 145% to 30% for Chinese goodsaccording to the agreed terms to stop the new commercial war unleashed this year.
Source: Ambito
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