Member of the European Central Bank Governing Council (the monetary policy setting board at the Bank) and Bank of Spain governor Jose Luis Escriva spoke on Monday evening in Madrid.
warned that risks to the euro-zone economic outlook are tilted to the downsidedisruptive scenarios haven’t materialisedhe stressed the need for caution amid extreme global uncertainty—largely driven by the U.S. political environmentnoted that current uncertainty levels are the highest on record, surpassing events like COVID-19, the Ukraine war, and the 2008 financial crisis----
At its most recent meeting the ECB lowered its growth outlook
now expecting the economy to grow by only 0.9% in 2024 and 1.2% in 2025 This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about ecb s escriva says downside risks are more obvious than the upside risks was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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