The Eurozone's recovery from the pandemic is already showing signs of flagging, even before it meets the economic storm clouds heading its way.
The danger of a recession loomed into view this week after Russia halted gas flows to Poland and Bulgaria, offering a foretaste of what the region might have in store. But even without the energy rationing such a move might provoke, the outlook looks ominous, underscored by weaker-than-expected growth reported Friday.
European Central Bank (ECB) chief economist Philip Lane insisted after the data was released that there's "still a lot of momentum" in the recovery.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
