Euro zone faces risk of double dip recession, ECB supervisor says

29 Oct 2020 / 18:09 H.

    FRANKFURT, Oct 29 (Reuters) - The euro zone faces the risk of a double dip recession as new economic restrictions are put in place to contain the coronavirus pandemic, European Central Bank supervisor Kerstin af Jochnick said on Thursday.

    "The baseline scenario of our projections cannot be taken for granted and the possibility of a double-dip recession cannot be ruled out yet, as the new restrictions being implemented across the euro area to curb the current resurgence of COVID-19 cases will again increase uncertainty for households, corporates and banks," she said. (Reporting by Balazs Koranyi)

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