WIIW The Vienna Institute for International Economic Studies - Wiener Institut für Internationale Wirtschaftsvergleiche

Donald Trump is aggressively pursuing his “America First” policy by announcing various tariff increases – which are often later withdrawn or postponed, leading to significant uncertainty. On 12 March, tariffs on aluminium and steel derivative products enter into force. In any scenario, the greatest burden will be borne by the US itself read more

On 11 March 1985, Mikhail Gorbachev was elected General Secretary of the Communist Party of the Soviet Union. He set in motion political and economic reforms that would change the world. What have been the economic reasons for the demise of communism? read more

It would crush Ukraine’s sovereignty and economic future, undermine Central and Eastern Europe’s FDI-driven growth, and end Europe’s peace dividend for good. Russia, meanwhile, could see economic gains in the medium term and become less dependent on China read more

Private consumption is driving growth, while export-oriented industry is struggling; Donald Trump unchained is the major downside risk; Ukraine’s economic prospects are uncertain; growth in Russia will halve to 1.8% in 2025 read more

Trump’s new tariffs on imports from Mexico, Canada and China will likely cause significant short-term reductions in trade. While the US may face inflation, Canada and Mexico will experience output declines read more