February 27, 2020 / 8:18 PM / a month ago

ECB's Lane says coronavirus poses risk to economy if it lasts

FILE PHOTO: Executive Board member of the European Central Bank Philip Lane attends the Fortune Global Forum in Paris, France, November 18, 2019. REUTERS/Gonzalo Fuentes

FRANKFURT (Reuters) - The coronavirus epidemic poses a bigger a risk to the economy the longer it is allowed to last, the European Central Bank’s chief economist, Philip Lane, said on Thursday.

“More widespread contagion and a longer interruption in normal economic activity constitute additional downside risks to near-term projections,” Lane told an audience in London.

Reporting by Francesco Canepa; Editing by Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below