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European Central Bank: Recession 'has become more likely'

Por: WPLG Local 10 Politics November 16, 2022

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FRANKFURT – The European Central Bank sees an increased in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by have raised risks for bank losses and turmoil on financial markets. “People and firms are already feeling the and the slowdown in economic activity,” ECB Vice President Luis de Guindos said. As the bank released its twice-yearly assessment of eurozone financial stability on... + full article



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