UniCredit CEO says Europe may defy the odds and avoid a recession
Publishing timestamp: 2023-01-18 04:00:25
Summary
Euro zone headline inflation decreased for the second consecutive month in December, and consumer confidence and business expectations have improved. The CEO of Italian bank UniCredit, Andrea Orcel, believes that the euro zone may avoid recession. The European Central Bank is expected to raise interest rates, but this could have a negative impact on the economy.
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Keywords: banks, davos - world economic forum, switzerland, breaking news: davos, politics, unicredit spa, world economy, business news,