economy
US tech stock correction likely, warn ECB economists
Boom-bust pattern could become ‘question of financial stability’ for euro area, central bank team writes in blog post
TL;DR
- A correction in US tech stocks is considered likely.
- This correction could trigger a boom-bust pattern in the euro area.
- Such a pattern poses a question of financial stability for the euro area.
- The findings were published in an ECB blog post by a central bank team.