#Eurozone may face weak growth for years: ECB’s Kazimir

| December 19, 2019
Eurozone growth may be stuck in low gear until the bloc deals with a host of structural challenges, European Central Bank policymaker Peter Kazimir told a news conference on Tuesday (17 December), writes Tatiana Jancarikova.

“I am worried that we won’t be able to enjoy significant economic growth before we deal with the fact that EU is lagging behind in technology and before we complete the European Monetary Union,” Kazimir, who is also Slovakia’s central bank chief, said.

Last week the ECB forecast below potential growth for the coming years and said the bloc’s expansion could even slow from already weak levels by 2022.

Comments

Facebook comments

Tags: , , ,

Category: A Frontpage, EU, European Central Bank (ECB), Eurostat, Eurozone

Comments are closed.