The European Central Bank (ECB) continues to prioritize addressing inflation but places economic growth as its primary focus.

Investor expectations for the ECB to cut interest rates have diminished, as inflationary pressures have once again moved outside the central bank's target range. Meanwhile, employment and economic growth in many countries remain sluggish, raising further concerns.

However, the sluggish economic growth throughout the past year, along with other macroeconomic indicators, suggests that the risk of a recession has not disappeared. According to data from Eurostat, GDP has shown only minimal growth.

Source: Fxstreet