ECB does not expect economic recovery until the end of 2022

ECB predicts slow recovery

ECB predicts slow recovery.

In her appearance on Tuesday, Christine Lagarde, president of the European Central Bank (ECB), has warned that she does not estimate a complete economic recovery in the Euro Zone until the end of 2022.

Lagarde fears that instead of a V-shaped rally the rebound will be more shaky, picks up FX Street. He claims that fiscal and monetary policies must go hand in hand.

In an interview with The Wall Street Journal, Lagarde points out that the institution is prepared to inject new monetary stimuli to support the economic recovery of the Eurozone in the face of the negative effects of the coronavirus pandemic, even reducing reference interest rates below from zero.

Lagarde warns that Europe’s economic recovery appears “a little more unstable” amid a second wave of infections in countries like France and Spain.

As for the negotiations between the European Union and the United Kingdom on Brexit, Lagarde has said that while the ECB hopes for the best, it is already preparing for the worst.

In his speech on Friday, the president of the Federal Reserve of the United States, Jerome Powell admitted that, although Read more

The Chinese delegation that was to go to the US to continue negotiating a possible trade agreement is already releasing Read more

A partial agreement between the US and China was announced yesterday. Agreement that must still be signed but that has Read more

On October 18, tariffs on European products authorized by the World Trade Organization (WTO) entered into force. These tariffs were Read more

Chinese Deputy Prime Minister Han Zheng promised to further reduce tariffs and eliminate non-tariff barriers for global investors, the official Read more

The German economy shows signs of weakness again. The signals that are received on the progress of the German economy Read more

The UK Government Minister, Michael Gove, announced on Sunday that Brexit will be held on October 31, despite British parliamentarians Read more

The commercial activity of the euro zone barely grew in October because demand declined, according to a survey published on Read more

The growth of the Gross Domestic Product (GDP) of China, the second largest world economy, slowed in the third quarter Read more

The expected decision finally arrived: the Federal Reserve announced on Wednesday, the third consecutive 25-point cut in interest rates in Read more

Leave a Reply