ECB's Visco: We could face a moderate recession, which could get worse depending on circumstances

Joel Frank Independent Analyst

European Central Bank (ECB) governing council member Ignazio Visco said on Friday that the Eurozone might be facing a moderate recession, which could get worse depending on the circumstances, reported Reuters. Europe is still in a negative supply shock, Visco noted.

Earlier in the day, Bank of France governor and fellow ECB governing council member Francois Villeroy de Galhau said on Friday that the ECB's short-term priority is fighting and mastering inflation, reported Reuters. The ECB will deliver in its fight against inflation, he continued.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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