Future of manufacturing in Europe

Netherlands, Hungary, Germany stand to lose out most in Europe from global economic protectionism


The world’s largest economies, particularly the EU, China, the US, Mexico and Canada are all projected to suffer economically from the re-emergence of protectionism, and a significant increase in trade tariffs. In the case of the EU, the bloc would experience a 1% contraction in GDP, a 0.3% lower rate of employment, and a 1.1% decrease in imports by 2030.

This graph shows the projected impact of an immediate and significant increase in global trade tariffs on the GDP of each Member State in 2030, compared to a ‘no new tariffs’ baseline forecast.



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