Reported 2 days ago
Fabio Panetta, a member of the European Central Bank, expressed concern that the euro zone's economic sluggishness is lasting longer than expected and hinted at potential cracks in the resilient jobs market. Despite hopes for a consumption-led recovery, the anticipated growth has not occurred, resulting in ongoing stagnation for two quarters and signals of weakening employment, leading to discussions on interest rate cuts amidst receding inflation.
Source: YAHOO