Lagarde,'signs of an economic recovery in 2024' - Breaking news. "After an expansion of 3.4% in 2022, euro area economic activity was weak in 2023, with real GDP growth stagnating in the last quarter," she said.
“The ongoing disinflationary process should continue, the Governing Council must be confident that it will lead us sustainably to our 2% target,” Lagarde added. "Looking forward, we expect inflation to continue to slow, as the impact of past upward shocks fades and tight financing conditions contribute to lower inflation."