By Alessandra Galloni FRANKFURT (Reuters) - The euro zone economy is still set to rebound this year provided lockdown measures to curb the coronavirus pandemic are lifted by the end of March and vaccines distributed, European Central Bank President Christine Lagarde said on Wednesday. Only last month, the ECB predicted economic growth of 3.9% this year in the bloc of 19 countries that share the euro, assuming a gradual end to the pandemic. But resurgent COVID-19 cases and increasingly widespread curbs to movement and activity in countries including Germany and France, along with the slow rollout of vaccines, are already challenging that outlook, just two weeks into 2021.
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FRANKFURT, Jan 13 (Reuters) - The euro zone economy is still set to rebound this year provided lockdown measures to curb the coronavirus pandemic are lifted by the end of March and vaccines distributed, European Central Bank President Christine Lagarde said on Wednesday.
Only last month, the ECB predicted economic growth of 3.9% this year in the bloc of 19 countries that share the euro, assuming a gradual end to the pandemic.
But resurgent COVID-19 cases and increasingly widespread curbs to movement and activity in countries including Germany and France, along with the slow rollout of vaccines, are already challenging that outlook, just two weeks into 2021.
European Central Bank President Christine Lagarde has today pushed back against economic pessimism, arguing that a rebound will come as pandemic uncertainty declines.
European Central Bank President Christine Lagarde pushed back against pessimism on Wednesday, predicting an economic rebound as COVID-19 uncertainty subsides and saying that Europe has all the tools needed to overcome the crisis. Even with much of the 19-member euro area in lockdown, Lagarde continued to forecast a recovery, provided that economic restrictions can be .