The economy of the euro zone will not fall into a recession although it is growi...
Executive Board member of the European Central Bank Philip Lane attends the Fortune Global Forum in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes
ROME - The economy of the euro zone will not fall into a recession although it is growing less than expected and there will be a recovery in the next year or two, the European Central Bank’s chief economist Philip Lane said in an interview on Wednesday. “The economy is growing less quickly than what we hoped. The dynamic is disappointing but not negative. We expect a recovery in the next year or two,” Lane told Italian daily la Repubblica.He added that euro zone countries should take advantage of the current low interest rates to reduce their debt piles rather than “waste the additional resources for new expenses or cuts to taxes”.Our Standards:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rob Gronkowski Says He Could Return To Patriots In 2020, 'I Still Stay Fit'Gronk says he could come back NEXT year!
Read more »
T-Mobile names Mike Sievert as CEO effective May 1, 2020, replacing John LegereT-Mobile US Inc. said Monday it has named Mike Sievert, its current chief operating officer, as chief executive effective May 1, 2020. Sievert will replace...
Read more »
Instagram's Must-Have Headband Brand Just Dropped A Fresh New CollectionShop the new Lele Sadoughi x Stoney Clover Lane resort collection of headbands for your next beach vacation.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »