China and the US are not in Davos this year. It's a chance for Europe to make Davos about them.
The imminent US tariffs on Chinese goods are expected to throw up some unexpected winners in Europe, a study shows. The gains for the European countries are only likely to increase if China chooses to retaliate.
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
With uncertainty on the horizon, the IMF has downgraded its outlook for the world's economic output. It warned that US tariffs on European cars, a no-deal Brexit or a trade war with China could tank the global economy.
Central and eastern European economies are said to be decoupling from western Europe as consumption-led growth replaces the export-driven model. But will domestic spending suffice to fend off a slowdown in the eurozone?
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