Investing.com -- The European Central Bank will look at risks that go beyond trade tariffs when evaluating the global landscape, ECB Chief Economist Philip Lane said Wednesday.
Speaking at an event in Brussels, Lane explained that uncertainty in the global economy extends further than just new tariff systems. The ECB will also consider "the possibility of a broader set of non-tariff barriers, a deeper intertwining of economic policies and security policies and possible revisions to the treatment of foreign portfolio investors and foreign direct investors," he said.
These comments indicate the central bank is taking a comprehensive approach to risk assessment in its economic outlook, factoring in both traditional trade concerns and emerging geopolitical complexities.
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