Losing key Chinese inputs could hurt eurozone – ECB paper
Halving of critical imports would cause drop of up to 3% in output for manufacturers, research shows
A 50% drop in critical inputs from China would cause manufacturing output in the eurozone to drop by 2–3%, new research from the European Central Bank shows.
In their paper, authors Dennis Essers, Laura Lebastard, Michele Mancini, Ludovic Panon and Jacopo Timini examine the effects of a 50% reduction in imports from China and “China-aligned countries” to five eurozone members: Belgium, France, Italy, Slovenia and Spain.
The analysts show that manufacturers of electrical equipment – assuming they
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