ECB's De Guindos: Possibility of a recession in Europe highly unlikely

Author: Adam Button | Category: Central Banks

Comments from De Guindos

  • Most recent data show stabilization in Europe
  • Global financial stability environment is challenging
He's got a good point about data stabilizing but I certainly wouldn't say a recession is highly unlikely. The consensus for 2020 eurozone growth is 1.0%. That's a trade war away from a recession.

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