PANews reported on April 9 that according to Jinshi, four sources said that the impact of US trade tariffs on eurozone economic growth may be much greater than the European Central Bank initially estimated, and the turmoil may also drag down inflation in the short term. This may bring the eurozone economy to a standstill and dash hopes of economic recovery. The eurozone economy has been growing until recently, supported by a large-scale public investment program. The ECB predicted last month that the trade war would reduce eurozone economic growth by 0.5 percentage points in the first year, and prices would rise by a similar amount briefly if the European Union retaliated. But the sources said that the actual tariffs announced by Trump were more harmful than the model estimated, and ECB staff had been asked to come up with new numbers for policymakers to discuss at the meeting on April 17. Informal dialogue between policymakers may begin as early as this week. All agreed that the estimate of 0.5 percentage points is now too low, and one of them said that the impact may be more than 1 percentage point. This would basically wipe out all economic growth, as the eurozone is expected to grow by only about 1% this year.