ECB's Nowotny: We see no risk of a recession, only a slowdown

Comments by ECB governing council member, Ewald Nowotny

That's how it all begins, no? I've mentioned this before, but one of the more telling indicators of a recession is how often we hear the word get mentioned by lawmakers and policymakers. If there is a growing trend in the usage, that's how you can tell that economic conditions are starting to get to worrying levels.