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MNI BRIEF: EZ Recession Chances "Quite Far Away" -ECB Lane

ECB sees sluggish growth, but growth in period ahead, cheif economist tells MNI.
BundesbankCentral Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneGermanyBriefStory

MNI (LONDON) - The possibility of a mild recession in the euro area seems “quite far away” based on the internal dynamics of the bloc, European Central Bank executive board member Philip Lane told an MNI Webcast on Wednesday.

“Of course, if we have new shocks we have to assess that,” he said, adding that monetary easing and the delayed consumption recovery indicates that the Eurozone is not moving into a world of recession. “It’s a good, very modest recovery”.

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MNI (LONDON) - The possibility of a mild recession in the euro area seems “quite far away” based on the internal dynamics of the bloc, European Central Bank executive board member Philip Lane told an MNI Webcast on Wednesday.

“Of course, if we have new shocks we have to assess that,” he said, adding that monetary easing and the delayed consumption recovery indicates that the Eurozone is not moving into a world of recession. “It’s a good, very modest recovery”.

Keep reading...Show less