He continued: "We may also be surprised in the first half of this year".
and expect European Central Bank Negative growth in the last quarter of last year and the first two quarters of this year before returning to recovery, so a positive result in the last months of 2022 will mean that the bloc may have avoided recession, which is determined by recording negative growth for two consecutive quarters.
The European Central Bank has raised interest rates by a total of 2.5 percentage points since July, in an effort to stem the historic rise in inflation, and pledged more monetary tightening at its upcoming meetings at a time when long-term price growth expectations are beginning to exceed the target rate of 2 percent.
Raising interest rates, which aims to curb high inflation rates, affects the pace of economic growth.
She was the president of the European Central Bank, Christine Lagardehas said that the Bank should prevent wage increases from raising already high inflation rates.
In statements published by a Croatian newspaper at the end of last December, she explained that the bank knows that wages are increasing, perhaps at a faster rate than expected, adding that the bank should not allow inflation expectations to affect prices in the long run, or for wages to have an inflationary effect.
Lagarde added that the expected winter recession in European Unionresulting from higher energy costs, is likely to be short and insignificant, provided there are no additional shocks.
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He added, “I also think that the economy surprises us quarter after quarter, and the fourth quarter of 2022 in Europe It will probably be positive.”
He continued, “We may also be surprised in the first half of this year.”
and expect European Central Bank Negative growth in the last quarter of last year and the first two quarters of this year before returning to recovery, so a positive result in the last months of 2022 will mean that the bloc may have avoided recession, which is determined by recording negative growth for two consecutive quarters.
The European Central Bank has raised interest rates by a total of 2.5 percentage points since July, in an effort to stem the historic rise in inflation, and pledged more monetary tightening at its upcoming meetings at a time when long-term price growth expectations are beginning to exceed the target rate of 2 percent.
Raising interest rates, which aims to curb high inflation rates, affects the pace of economic growth.
She was the president of the European Central Bank, Christine Lagardehas said that the Bank should prevent wage increases from raising already high inflation rates.
In statements published by a Croatian newspaper at the end of last December, she explained that the bank knows that wages are increasing, perhaps at a faster rate than expected, adding that the bank should not allow inflation expectations to affect prices in the long run, or for wages to have an inflationary effect.
Lagarde added that the expected winter recession in European Unionresulting from higher energy costs, is likely to be short and insignificant, provided there are no additional shocks.
