ECB’s Lane says European economy doing ok amid medium shock

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European Central Bank Chief Economist Philip Lane characterized the European economy as experiencing a medium shock, a smaller disruption compared to 2022. He noted that the European economy is doing okay amid this current economic situation and the bank's policy decisions.

European Central Bank Chief Economist Philip Lane spoke Thursday in Hertfordshire, UK, addressing the current economic situation and the bank’s policy decisions. Lane characterized the current economic situation as a “medium shock,” noting that it represents a smaller disruption compared to 2022 when the shock was large. He stated the European economy is doing ok ...