ECB Policymaker Warns of Real Euro Zone Recession Risks
Yannis Stournaras says euro zone recession risks are real due to Middle East conflict. Rising energy costs and uncertainty now threaten growth and inflation.
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Bank of Greece Governor Yannis Stournaras warned that euro zone recession risks are real as Middle East conflict threatens energy supplies. The warning comes as the bloc faces weaker growth and tighter financial conditions compared to the 2022 energy crisis. Investors must monitor potential ECB policy adjustments if energy shocks drive inflation above target for a persistent period.
