## Economic Gloom on the Horizon Could the winds of economic change, driven by Donald Trump’s policies, usher Europe into recession by 2025? According to [analysts from a prominent Dutch financial institution](https://think.ing.com/articles/trump-wins-tax-cuts-come-with-a-cost/#a5), this bleak scenario may become a reality. ### Trade Wars: A Looming Threat Donald Trump, during his bid for the presidency, vowed toMajor European Downturn Predicted Amidst Tariff Concerns, Financial Institution Warns
A Strengthening Dollar Index: Market Optimism Amid Contradictory Signals The Dollar Index (DXY) finds itself at heights unseen since the heady days of early August. This surge comes despite the Federal Reserve’s surprising initiation of its easing cycle with a substantial 50bp rate cut back in September. Meanwhile, ING’s Chris Turner highlights two major driversING Predicts Dollar to Maintain Strength Throughout the Week
## Recent Surge in US Retail Sales Yesterday, the US [retail sales](https://www.fxstreet.com/economic-calendar) exhibited a robust performance. Interestingly, this coincided perfectly with the European Central Bank’s rate cut, released just 15 minutes earlier. Such timing set the stage for another uptick in the [US Dollar](https://www.fxstreet.com/currencies/us-dollar-index) (USD), as mentioned by Francesco Pesole, an FX analyst at ING.ING Predicts Continued Strength for the Dollar
