ECB's Escriva says downside risks are more obvious than the upside risks ...Middle East

warned that risks to the euro-zone economic outlook are tilted to the downsidedisruptive scenarios haven’t materialisedhe stressed the need for caution amid extreme global uncertainty—largely driven by the U.S. political environmentnoted that current uncertainty levels are the highest on record, surpassing events like COVID-19, the Ukraine war, and the 2008 financial crisis

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At its most recent meeting the ECB lowered its growth outlook

now expecting the economy to grow by only 0.9% in 2024 and 1.2% in 2025 This article was written by Eamonn Sheridan at www.forexlive.com.

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