Friday, December 2, 2022
US Daily News Onlne


De Guindos warns of “brutal” uncertainty and exit from recession

Vice President of the European Central Bank, luis de guindosoThe U.S. has ruled out a slowdown in Europe in the…

By admin , in news , at May 13, 2022

Vice President of the European Central Bank, luis de guindosoThe U.S. has ruled out a slowdown in Europe in the short term, despite an increase in inflation and a moderation in growth, although they warned of “brutal levels”. Uncertainty» forces us to be “submissive”.

Economist and former economy minister, chaired by Mariano Rajoy He spoke this way during his speech on the Leadership Program for Europe in the 21st Century of the Academy of European Leadership (AEL), chaired by Josep Antoine Duran i Lleida.

poorest europe

Guindos took “poverty” in Europe, noting that economic growth would be “much more moderate” than the 4% that was expected to be higher before the war in Ukraine. inflation Due to rising prices of energy and raw materials.

“The uncertainty has also increased a lot. We don’t know what is going to happen. can arise unforeseen issues, If you ask me if we are going to enter a recession, which is interpreted as two consecutive quarters of negative growth, I don’t think”, he assured in response to questions from participants in the session.

However, he later warned that there exists a “brutal level of uncertainty that”Respectful,

The economist predicted that inflation This will slow in the euro area in the second half of the year, with an upward behavior of the underlying, and with the final rate between 4 and 5% in the final quarter.

about the policy of pension In Spain, the vice president of the European Central Bank has advocated “taking measures to guarantee the stability of the system in the medium term” and warned that an increase in pensions in the context of inflation would have an impact on that stability.

Similarly, it has warned that a salary growth “Too much” would also lead to permanently high inflation, with the consequent action of central banks.

De Guindos warns of “brutal” uncertainty and exit from recession

2022-05-13 09:54:21