ECB's de Guindos: Economic growth in Q4 will not meet forecast of 3%

The economic growth in the eurozone is not likely to meet the forecast of +3% in the last quarter of the year, European Central Bank's (ECB) Vice President Luis de Guindos said on Friday, as reported by Reuters.

Additional takeaways

"Eurozone Q3 economic growth was a positive surprise."

"Indicators show a slight moderation in eurozone growth from August."

"Eurozone economy will not recover the level of 2019 before 2022."

Market reaction

The EUR/USD pair showed no immediate reaction to these comments and was last seen trading flat on the day at 1.1675.