ECB’s de Guindos: The balance of risks has shifted from inflation concern to growth

• The growth outlook is clouded by uncertainty about economic policies, geopolitical landscape
• Trade tensions could rise further, increasing tail risk of events materialising
• The balance of risks has shifted from concerns about high inflation to fears over economic growth

It has been the case already in the last few months for the ECB. And now even more so after Trump won the US election, with tariffs set to impact the euro area economy next year.

This article was written by Justin Low at www.forexlive.com.