Economics
ECB’s Visco Says There’s a Risk of a Recession in Europe
- Bank of Italy head sees data-dependent decisions going ahead
- ECB doesn’t dictate policies to governments, evaluates impact
Ignazio Visco
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Ignazio Visco warned that there may be an economic downturn in Europe.
“There is a risk of a recession,” he said at an online event on Thursday, adding that should this happen, the ECB would “need to discuss what to do.”