'Very concerned' about Europe's struggling economy, European Central Bank policymaker Centeno says

European Central Bank policymaker Mário Centeno expressed deep concern about Europe’s struggling economy, citing reduced exports and investments as key factors contributing to the downward growth outlook revision by the ECB. The threat of tariffs from the U.S. administration has added to worries, but Centeno warned that a tariff war would ultimately harm both consumption and production. However, a potential defense spending push from the EU and Germany’s plans to boost infrastructure and defense spending could provide a positive impact on Europe’s economy if implemented effectively.

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