ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
ECB has Warned of Risks to the Global Economy
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Yesterday, the European Central Bank published an economic newsletter warning of the deteriorating risks to the global economy.
It states that personal consumption in the world is good because of a stable labor market. But in the second quarter of this year, the fall in the manufacturing activity index will have a negative impact on the outlook for individual consumption. At the same time, due to increased uncertainty and tighter financing conditions, there has been a stagnation in global investment growth.
The bulletin also states that continued uncertainty is hampering the development of the euro area, especially the growth of the manufacturing sector.
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