Headlines
ECB's Makhlouf warns uncertainty will persist even if trade war passes
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
ECB's Gabriel Makhlouf warns that global economic uncertainty will persist even if a trade war is short-lived, citing risks from elevated debt levels.
DUBLIN (Reuters) -Uncertainty in the global economy is likely to persist even if a global trade war proves short-lived, European Central Bank governing council member Gabriel Makhlouf said in a speech on Tuesday.
"Even if a full-blown trade war turns out to be short-lived, the uncertainty effects will persist for some time," said Makhlouf, the governor of the Irish Central Bank.
"Amplification risks from elevated public and private debt levels, and how these might ripple through the financial system, are a further downside risk."
(Writing by Conor Humphries; Editing by Andrew Cawthorne)
The main topic is the persistence of global economic uncertainty despite a short-lived trade war, as discussed by ECB's Gabriel Makhlouf.
Makhlouf mentions risks from elevated public and private debt levels and their potential ripple effects on the financial system.
Gabriel Makhlouf is a member of the European Central Bank governing council and the governor of the Irish Central Bank.
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