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Euro-Area Economy Is Set to Dodge Recession, ECB’s Guindos Says
The euro-area economy looks set to avoid the six-month downturn that had been expected as recently as late last year, according to European Central Bank Vice President Luis de Guindos. “Growth in the first quarter of the year, according to the leading indicators, is going to be possible,” Guindos told a panel discussion Wednesday in Delphi, Greece. “This is good news, because only in December last year, our baseline was that we could have a technical recession. This is not going to take place.” While activity in the bloc dipped by 0.1% in the final three months of 2022, recent data signals improving ... (full story)
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