for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
U.S. Markets

ECB's Nowotny says euro zone is not facing recession

Slideshow ( 3 images )

BUDAPEST (Reuters) - Growth uncertainty in the euro zone has increased, particularly with poor data coming from Germany but the economy is going through a slowdown and not facing a recession, European Central Bank policymaker Ewald Nowotny said on Monday.

“I expect that we’ll be able to overcome these negative influences,” Nowotny told reporters on the sidelines of a conference. “There is no perspective of a recession.”

Speaking about inflation, Nowotny said there were even positive signs for underlying price growth due to wage increases.

Reporting by Balazs Koranyi

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up