Speaking at a parliamentary hearing in Helsinki on Thursday, the Finnish governor cited a Bank of England analysis last November showing a…
- By Kati Pohjanpalo and Piotr Skolimowski
- Bloomberg
That worst-case scenario has since been updated to show a 5.5 percentage drop in output.
“The contraction that would be felt in the euro area is small in comparison — our and the ECB’s estimate puts it between 10% and 30%” of the hit to the…