Europe’s economy is ‘de facto stagnating’, ECB official says

May 05, 2022 3:21 PM

FRANKFURT (BLOOMBERG) – European Central Bank (ECB) executive board member Fabio Panetta said economic expansion has almost ground to a halt in the euro area and faces further “high costs” as policy makers battle record inflation.

Source : https://www.straitstimes.com/business/economy/europes-economy-is-de-facto-stagnating-ecb-official-says