ECB's De Guindos: 2023 negative growth possible - Breaking The News

ECB's De Guindos: 2023 negative growth possible

24 June

1 min read

EPA-EFE/ARMANDO BABANI

Vice-President of the European Central Bank Luis de Guindos warned on Friday that the euro area growth in 2022 will be low and could be negative in 2023. He predicted inflation could keep rising before starting to decline in the fourth quarter of 2022.

De Guindos insisted inflation expectations are not de-anchored. However, he added the ECB is worried about the second-round effects of inflation it is starting to see in wage rises. He acknowledged these effects could start a wage-price spiral, which would change ECB projections and necessitate a different policy response than the current one.

ecb de guindos

Goldman Sachs trims 2025 Bund yield forecast

an hour ago

Goldman Sachs has revised its forecast for the yield of the 10-year German Bund while also expressing concerns about weakening growth projections, according to a note by George Cole and Williams Mashal.According to the strategists, although the European Central Bank may face inflationary pressures, fiscal expansion plans across the Eurozone will likely counterbalance those forces."Eventual fiscal loosening should keep Bund yields near current...

ECB's Lagarde: Trading war lose-lose scenario

31 March

European Central Bank (ECB) President Christine Lagarde described in a Monday interview with France Inter a potential trade war between the European Union and the United States as a "lose-lose scenario."Still, Lagarde also noted that United States President Donald Trump's tariffs on the bloc could give it a chance to "show independence." Commenting on inflation in the Eurozone, she stressed that keeping it "in check" is a "constant battle" as the figure must...

ECB sees inflation easing but warns of trade risks

28 March

European Central Bank Vice-President Luis de Guindos expressed optimism on Friday about euro zone inflation while warning of growing trade tensions with the United States. Speaking via video at a Spanish event, de Guindos said inflation is on track to meet the ECB's 2% target "on a sustainable basis" in the coming quarters. "There is good news on inflation," he noted, despite concerns over economic growth. De Guindos emphasized that the disinflation trend...

ECB's de Guindos: Tariffs to impact mostly growth

27 March

European Central Bank (ECB) Vice-President Luis de Guindos estimated on Thursday that United States President Donald Trump's tariffs on certain goods from the European Union, notably automobiles, will have the main impact on the bloc's economic growth and only influence inflation in the short-term.Speaking at the Institute of International Finance's (IIF) event in Brussels, de Guindos noted that for expanding the gross domestic product...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.