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'Very concerned' about Europe's struggling economy, European Central Bank policymaker Centeno says

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European Central Bank policymaker Mário Centeno says he is "very concerned about the European economy" The ECB on Thursday took down its gross domestic product expectations for the euro area to 0.9% growth in 2025 .

Potential tariffs from the U.S. could weigh on Europe 's economy, while increased defense spending in the region could have a positive impact.