Euro zone slowdown doesn't mean recession: ESM's Regling

A slowdown in economic growth in the euro zone since last year may be sharper th...

FILE PHOTO: Klaus Regling speaks in Lagonissi, near Athens, Greece, July 16, 2019. REUTERS/Alkis Konstantinidis

It confirms a gloomy outlook for the 19-nation currency bloc which is facing twin threats and uncertainty from Brexit and global trade wars. “We have to remember that not every cyclical slowdown leads to a recession, and not every recession implies another crisis,” Regling said.

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