Governor of Banco de Portugal worried about the slowdown in investment – Atualidade
Hundreds of people are from the United States to participate in the Northern International Monetary Fund (IMF) meetings, which reinforce the need for central banks, in particular the European Central Bank, to fight inflation.
“There is a sense of deceleration in our economies, which has already been going on in some quarters. is confronted with decisions, which can bring about some recessive aspects in our economies”, evaluated the Portuguese.
Obviously talking about the central European need, in particular the Central Bank, to fight inflation. And, to this end, the European Central Bank will obviously take into account all the dimensions of our economies and their financial dimension”, he stressed, in statements, to Portuguese journalists.
Despite highlighting the “resilience” of the labor markets in Europe and Portugal, Mário Centeno indicated that all the resources the country has available are needed to combat the slowdown in the economy, and more specifically in investment.
“There’s one area that worries me and I’ve been talking about it, which has to do with a slowdown in investment. We can quickly regain confidence so that investment recovers itself as well,” he said.
The governor of the Bank of Portugal considered that the level of participation in the Portuguese labor market was considered to be very “levels of inequality of the lowest”
“After reliable resources, while we have a period of the covid-19 crisis, very available to fight this slowdown in the economy, at the same time that we have a period of increase in the crisis that are very available to summon all the resources I work with the performance levels we have today”, he reinforced.
The World Bank, IMF and Bank meetings continue to be ongoing.
This morning, US Treasury Secretary Janet Yellen met with Eurogroup finance ministers, the IMF European Department and IMF Director-General Kristalina Georgieva, to hold a joint briefing.
MYMM // RBF
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