ECB's Makuch says growth has slowed, indicators trending downwards
Comments by ECB governing council member Jozef Makuch
- Optimism around Eurozone economy is somewhat weaker
- Weaker German data doesn't necessarily mean recession
- Should not overinterpret figures from one quarter
- All instruments remain on the table
That now makes two ECB officials commenting on German data. I wanted to give Nowotny the benefit of the doubt earlier as it could have been a reporter posing the question. But this is certainly no coincidence. I reckon there really is something to worry about now when Q4 growth figures are published.