Jin10 data on April 6 reports that the German bank Berenberg stated that due to the strong reaction of some American trading partners to the new tariffs and general uncertainty, economic sentiment in Europe in the second quarter could turn out to be worse than we previously expected. We have lowered our forecasts for real GDP growth in the Eurozone and the UK for the second quarter by 0.1 percentage points to quarterly growth of 0.1% and 0.2%, respectively. This will lead to a reduction in our annual economic forecast for the Eurozone for 2025 to 0.9%, and forecasts for the UK economy for 2025 and 2026 to 0.9% and 1.3%, respectively.