FILE PHOTO: Vice-President of the European Central Bank Luis de Guindos gives a statement during the second day of the Informal Meeting of EU Ministers for Economics and Financial Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool via REUTERS
The ECB is due to unveil its new projections on Dec 10, along with a new stimulus package. De Guindos’ comments suggest a cut to the inflation forecast for this year, next year and possibly even 2022 is on the cards. Christine Lagarde’s deputy also confirmed consensus expectations for a contraction in the euro zone economy this quarter but said the prospect of a vaccine against the novel coronavirus meant the outlook further out appeared brighter.
“But the medium-term outlook – mainly because of the ray of hope brought by news of the vaccine – looks brighter.”
Sure, because everyone other than the US, EU, and UK, pick up the Cost, while they pay Nothing.. Look at what America does, all while having a $Trillion Trade Deficit. But they are 'North Korea'.
And the Dickhead seems to be suffering inflation
growth without inflation 🤣🤣🤣
Dr Phil does not look thrilled.
Ji bo arşîveke bi kurdî arîkarî divê. Ji kerema xwe bibine endam.
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