The German economy, the largest in Europe, left behind the recession in 2025 and recovered growth after two consecutive years of declining economic activity.

Fear has taken hold in the stock markets. The declines experienced by the indexes, which began on Thursday in the US and have spread across the globe, reveal that no one expected US President Donald Trump to dare to play with fire in a manner that has little to do with economic rationality. The day after the delirious announcement of tariffs by the leader of the world's leading power, investors, far from calming down, have become even more nervous. And we'll see if Monday continues a situation that, in the worst-case scenario, would turn into panic.

The US Nasdaq stock index, which is made up mainly of technology companies, lost 4% on Monday and is at its lowest level in six months due to fears that the tariff policy of US President Donald Trump will cause a slowdown in the country's economy or even a recession.