scorecardresearchRecession has become more likely? This is what the European Central Bank has said

Recession has become more likely? This is what the European Central Bank has said

Updated: 17 Nov 2022, 07:51 AM IST
TL;DR.
As the bank released its twice-yearly assessment of eurozone financial stability on Wednesday, de Guindos said that risks to financial stability have increased, while a technical recession in the euro area has become more likely.
FILE PHOTO: A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021.   REUTERS/Wolfgang Rattay/File Photo

FILE PHOTO: A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS/Wolfgang Rattay/File Photo