Makhlouf says euro area inflation and growth risks have intensified
Updated
Updated · Bloomberg · May 4
Makhlouf says euro area inflation and growth risks have intensified
7 articles · Updated · Bloomberg · May 4
The ECB Governing Council member and Irish central bank governor said weaker consumer and business confidence point to near-term headwinds for the euro-area economy.
In a Friday blog post, he said incoming data broadly matched the ECB's previous inflation assessment, even as upside inflation risks and downside growth risks worsened.
The remarks suggest policymakers face a tougher balance between containing price pressures and supporting activity as confidence weakens across the currency bloc.
As Middle East conflict fuels stagflation fears, can the ECB save Europe's economy from both inflation and recession?
Are geopolitical shocks revealing temporary cracks or deep structural flaws in the Eurozone's economic foundation?