“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. However, there are increasingly signs of a reversal trend and some forward-looking indicators point to a recovery over the course of the year."
This is what ECB President Christine Lagarde said while speaking at the European Chamber plenary.
"The ongoing disinflationary process should continue, the Governing Council must be confident that it will lead us sustainably to our 2% target. We will continue to follow a data-dependent approach to determining the appropriate level and duration of tightening," he added. Lagarde.
“Looking ahead, we expect inflation to continue to slow, as the impact of past upward shocks fades and tight financing conditions contribute to lower inflation.”
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