EME Macro/Strategy: tariff impact – a preliminary assessment
The US new reciprocal tariff strategy delivered a larger-than-expected boost to the tariff barriers, escalating the risk of a US recession in the coming quarters. The impact on the EU is significant, but not outside the scenarios that the Commission has been anticipating. The EU Commission is deploying countermeasures beyond the defence ramp up; for example, Vice President Fitto’s proposal to loosen the conditions for cohesion funds disbursements. The impact on the EU will be shaped by the speed and quality of the implementation of the strategy deployed by the Commission by each member state. The auto sector is heading for a significant restructuring, but a lot of the excess labour it will shed, in the aggregate, should be reabsorbed by the manufacturing, infrastructure and public sector military personnel that will be needed in the future.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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