The current increase in oil prices could cause a decline of around 0.8% in the level of euro area potential output in the medium term, according to estimates in the #EconomicBulletin. The price rises are due to supply factors linked to the war in Ukraine https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_04~f296647c4b.en.html

🐦🔗: https://nitter.eu/ecb/status/1554024665898778624