She said she expects the second-half growth will be “very fast.”
Recent IMF forecasts have EU growth around 4.4% for 2021, about level with developed economies but well behind the U.S.
Despite a difficult struggle against the Covid-19 pandemic, the European Union will hit its economic stride later this year, European Central Bank President Christine Lagarde told CNBC on Friday.
Multiple parts of the euro zone have been hit by a renewed wave of coronavirus cases, leading officials to institute another round of shutdowns just as other developed economies are looking to rev up.
While acknowledging that the lockdowns are putting a dent in growth, Lagarde said she’s optimistic that things will pick up.
Lagarde Sees Strong Rebound for EU Economy in Second Half, Expects U S to Meet Inflation Goal Soon
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Lagarde Sees Strong Rebound for EU Economy in Second Half, Expects U S to Meet Inflation Goal Soon
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