Global Economy Warning from Bank of Greece Governor Stournaras
Speaking at the Istanbul Economy Forum, Yannis Stournaras stated that the global economy will face similar risks such as supply-demand shocks and customs tariffs next year.
Bank of Greece Governor Yannis Stournaras made important evaluations regarding developments in the global economy and the Eurozone at the Istanbul Economy Forum.
Istanbul Economy Forum Evaluations
Bank of Greece Governor Yannis Stournaras evaluated developments regarding the global economy and the Eurozone at the Istanbul Economy Forum.
Global Risks for Next Year
Stournaras stated that the main risks the global economy will face next year will be the same as this year's risks.
He stated that supply and demand-side shocks, fiscal difficulties, and customs tariffs are among the probable problems.
Eurozone Inflation Situation
He noted that inflation in the Eurozone is above the 2 percent target, standing at 3.8 percent according to recent data.
He said the primary task is to keep expectations under control until headline inflation falls.
Artificial Intelligence and Commercial Cooperation
Touching upon the effects of artificial intelligence on the labor market, Stournaras stated that he believes in economic cooperation rather than commercial restrictions.