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Tuesday's ECB bank lending survey shows bleak months ahead for the EU economy (Photo: ECB/Flickr)

ECB rate hikes see corporate loans drop to record low

The European Central Bank's quarterly bank lending survey published on Tuesday (25 July) shows a bleak view of economic activity in the coming months.

Corporate-loan demand has fallen by 42 percent in the second quarter of this year, following a 38 percent drop in the first quarter, falling to an all-time low since the start of the survey in 2003. This year th...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Tuesday's ECB bank lending survey shows bleak months ahead for the EU economy (Photo: ECB/Flickr)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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