October 21, 2020

De Guindos says “recent data” invites optimism about economic recovery


MADRID

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The recession caused by the coronavirus represents an economic crisis that is completely different from any other and overcoming its profound impact on the economy will take time, although the latest data suggests that it is possible to be somewhat more optimistic regarding the situation in the coming quarters, as stated by the vice president of the European Central Bank (ECB), Luis de Guindos.

“The recent data we have received suggests that we can be a bit more optimistic about the fall in growth in the second quarter and the expansion in the third and fourth quarters,” said the central banker in a telematic talk with the CEO of the MEdE. , the German Klaus Regling, organized by Goldman Sachs.

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