- Analytics
- News and Tools
- Market News
- ECB's de Guindos: Impact on economy of new variant will be smaller than in the past
ECB's de Guindos: Impact on economy of new variant will be smaller than in the past
European Central Bank Vice President Luis de Guindos said on Friday that, despite worry about the new Covid-19 variant, he thinks the impact on the economy will be smaller than in the past, according to Reuters. Luis de Guindos added that he didn't think the economic impact would be comparable to a year or two ago, as the economy has adjusted to pandemic restrictions.
On the economy, he said that uncertainty is much more elevated than in the past about inflation and that the Eurozone economy should grow about 5.0% this year and then very strongly in 2022.
Market Reaction
The euro did not react to de Guindos' comments.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
