News: 2024.04.17
European Central Bank (ECB) executive board member Piero Cipollone said on Wednesday they were seeing some signs of economic recovery in the euro zone, citing the latest Purchasing Managers Index (PMI) data.
European Central Bank (ECB) executive board member Piero Cipollone said they are starting to see some signs of economic recovery in the euro zone, based on the latest Purchasing Managers Index (PMI) data. This is a positive signal that the European economy is gradually emerging from the difficulties caused by the epidemic.
According to PMI data, economic activity in the euro area is gradually recovering. This shows that production and order volumes are increasing across various industries, which is one of the important indicators of economic recovery. Piero Cipollone said that these data show that the euro zone economy is gradually returning to normal levels.
Despite seeing some signs of economic recovery, the European economy still faces many challenges. The global epidemic continues to spread, which may have a certain impact on the recovery of the European economy. In addition, trade tensions and political uncertainty may also put some pressure on the European economy.
In order to support the recovery of the euro area economy, the European Central Bank has adopted a series of policy measures. Piero Cipollone said that the ECB will continue to take necessary measures to ensure that the euro zone economy can return to pre-epidemic levels as soon as possible.