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The European Central Bank does not believe the coronavirus a "catastrophe" for the economy

Europe / Business and Finance

transmission of coronavirus would be a "disaster" for the economy, if not it will continue the development of a vaccine.

The European Central Bank does not believe the coronavirus a "catastrophe" for the economy

the spread of the coronavirus in the Eurozone is not a "disaster" for the economy, which should be OK, if the epidemic is to be defeated in the next few months, the Politician said the European Central Bank and the Governor of the Austrian national Bank (OeNB) Robert Holzmann.

"If a virus can win in the next few months, its impact on the global economy and the Eurozone economy will be very limited and will be measured in tenths of a percent," said Holzmann in an interview with German financial newspaper Boersen-Zeitung.

"It will be unpleasant, but without a catastrophe", - said the head of the Austrian Central Bank.

Central banks face restrictions, compensating coronavirus, said Thursday the Deputy Governor of the Bank of England John Cunliffe.

Earlier on Thursday, Italy reported more than 400 new cases in the industrial centers of Lombardy and Veneto.

the death toll in Iran has risen to 26 infected, what was the largest number of deaths from the virus outside China.

Chinese Authorities said Thursday that the number of new deaths was 29 infected, which is the lowest daily level since January 28, and reported 433 new cases against the 406 on Wednesday.

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