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Published 2 years ago

ECB expects economic activity to slow, interest rates to increase further

Summary by Ground News
ECB expects economic activity in Europe to slow down substantially in the coming months. This is due to skyrocketing prices, decreased spending power and overall uncertainty. The Russia-Ukraine conflict has "cast a shadow over Europe" with economic consequences. The "outlook is darkening," while inflation is "likely to stay above our target for an extended period"

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