Lagarde Says Euro-Zone Economy Is Showing Signs of Recovery
April 20, 2024
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0:52Now PlayingLagarde Says Euro-Zone Economy Is Showing Signs of Recovery
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as posted by the channelEurope’s economy is nearing the end of a malaise that’s resulted in more than a year of near stagnation, according to European Central Bank President Christine Lagarde.
Output in the 20-nation euro zone is “recovering and we are clearly seeing signs of recovery,” Lagarde told the Council on Foreign Relations in Washington on Wednesday.
“We haven’t had a recession, but it’s been very, very slow and meager,” she said. But “you have an employment and a job market which is phenomenal.”
The ECB is almost certain to cut interest rates at its next meeting in June — offering some support for growth — though what happens after that is increasingly uncertain.
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