MARKET NEWS
ECB to Probably Lift Growth Forecast Next Week, Lagarde Says - BLOOMBERG
By Alexander Weber and Mark Schroers
The European Central Bank’s new forecasts next week will probably feature a more optimistic outlook for economic growth, according to President Christine Lagarde.
The 20-nation nation euro area has been more resilient than feared to the US tariff onslaught, Lagarde told the Financial Times Global Boardroom event. She highlighted that the European Union hadn’t retaliated to those measures, while the euro hasn’t depreciated and the labor market remained robust.
