Euro area firms report increasing financing gaps in the SAFE survey and expect a deterioration in the future availability of bank loans. Our analysis in the #EconomicBulletin shows that such conditions have historically foreshadowed lower GDP growth https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_05~e35e17c111.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1613472521168498688