The Financial Stability Review also said weak growth was now a bigger threat to the 20-nation euro zone than high inflation.
Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday.
The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone .Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. A double whammy of tariffs and strikes is coming for U.S. trade and the global supply chain in early 2025
"I think that it is very important to stress the evolution of inflation has been positive. But simultaneously, the growth outlook is not very good," De Guindos told CNBC's Annette Weisbach on Wednesday. According to European Commission forecasts, euro area growth will be below 1% in 2024 and a little above 1% in 2025, he said."And on top of that, you have a lot of uncertainties.
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