ECB's Villeroy: Trump election means more risks for world economy

Published 11/06/2024, 12:56 PM
Updated 11/06/2024, 01:01 PM
© Reuters. FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau delivers a speech during the annual meeting of Small and Medium-sized Enterprises leaders at the Bank of France in Paris, France, October 22, 2021. REUTERS/Sarah Meyssonnier/File Photo

© Reuters. FILE PHOTO: Bank of France Governor Francois Villeroy de Galhau delivers a speech during the annual meeting of Small and Medium-sized Enterprises leaders at the Bank of France in Paris, France, October 22, 2021. REUTERS/Sarah Meyssonnier/File Photo

PARIS (Reuters) - The election of Donald Trump as the next U.S. president means there will be more downside risks to the global economy, ECB policymaker and French central bank head Francois Villeroy de Galhau said on Wednesday.

"The American election must sound a wakeup call for Europe", he said, speaking at a business conference in France, adding that while Trump's concrete policy moves had to be seen, there was a risk his plans could lead to a higher deficit and more inflation in the United States.

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