European economy is stable-ECB’s Villeroy
2022.12.20 03:14
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European economy is stable-ECB’s Villeroy
Budrigannews.com – Francois Villeroy de Galhau, head of the Bank of France and a member of the European Central Bank (ECB), stated on Tuesday to BFM TV that the economy of France and the rest of Europe should not experience a “crash” or “hard landing.”
He added, “France ought to be able to avoid a recession.”
The Bank of France made the prediction on Saturday that the French economy would slow down significantly in the coming year, but it would be able to make up some of the ground lost by 2024. The euro zone’s second-greatest economy is on course to slow from 2.6% development this year to just 0.3% in 2023, the Bank of France said in an update of its drawn out monetary viewpoint.
More German inflation slowed in November
