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REUTERS NEXT - Low productivity bigger worry for Europe than potential tariffs

Published by Global Banking & Finance Review

Posted on December 10, 2024

1 min read

· Last updated: January 27, 2026

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Europe's Productivity Issues Outweigh Tariff Concerns

NEW YORK (Reuters) - Europe's biggest worry is not tariffs that might be introduced by the incoming administration in the United States, but low productivity, Swedish Finance Minister Elisabeth Svantesson said on Tuesday.

"The destiny of Europe is not in the new administration's hands. We need to step up," Svantesson, who was speaking on a panel at the Reuters NEXT conference in New York, said.

To view the live broadcast of the World Stage go to the Reuters LIVE page:

(Reporting by Dan Burns and Shashwat Awasthi)

Key Takeaways

  • Europe's main concern is low productivity, not US tariffs.
  • Swedish Finance Minister emphasizes Europe's self-reliance.
  • Reuters NEXT conference highlights economic challenges.
  • Elisabeth Svantesson speaks on European economic priorities.
  • US administration's tariffs seen as less impactful.

Frequently Asked Questions

What is the main topic?
The main topic is Europe's concern over low productivity compared to potential US tariffs.
What did the Swedish Finance Minister say?
She stated that Europe's destiny is not in the hands of the US administration and emphasized the need to improve productivity.
Where was this discussed?
The discussion took place at the Reuters NEXT conference in New York.

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