ICYMI - Former ECB President Draghi says a eurozone recession is almost sure to happen ...Middle East

Former European Central Bank President, and former prime minister of Italy, Mario Draghi was cited in a report on a conference organised by the Financial Times.The FT is gated but other news services have picked up the main points made by Draghi:euro zone is nearly certain to experience a recession by the end of 2023“The starting point of this recession is pretty high — we never had such low unemployment,” “So we may have a recession, but maybe it is not going to be destabilizing.” Comments were also reported from Belgian central bank governor Pierre Wunsch:acknowledged the impact of tighter monetary policysaid that growth risks are “tilted to the downside.” euro zone is “entering some weak

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ICYMI - Former ECB President Draghi says a eurozone recession is almost sure to happen ...Middle East

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