Risk of European recession “very low” – ECB’s De Guindos

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Risk of European recession “very low” – ECB’s...
 © In-Cyprus 2019
ECB Vice President Luis De Guindos said on Thursday that Europe faced only a “very low” risk of recession, but he called on all euro zone governments – not just those with fiscal surpluses – to help revive the bloc’s economy.

De Guindos spoke said after data showed the region’s largest economy, Germany, narrowly avoided edging into recession in the third quarter.

Europe’s growth remained “below potential”, he said, adding that the ECB needed “to pay close attention” to the situation.

He said...


This article was automatically added to our system 14-11-2019

Risk of European recession “very low” – ECB’s De Guindos


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Article Tags: european, recession, guindos,