"The intensification of the pandemic poses risks to the short-term economic outlook."
Christine Lagarde, President of the European Central Bank (ECB), did not hide her concerns about the
"downward trend"
of the European economy, hit hard by the second wave of the coronavirus.
At the end of a Governing Council on Thursday, the ECB did not change the arsenal of its monetary policy, boosted in December, which must continue at least until spring 2022. But the long-awaited recovery has lead in the wing and will intervene
"probably more during the second half of the year than the first half,"
said Christine Lagarde.
Read also:
Covid-19: the ECB extends its “bazooka” until 2022
For now,
"production is likely to contract in the fourth quarter of 2020."
And activity continues to deteriorate due to the tightening of mobility restriction measures across the continent.
Which may well lead to another recession at the end of the first quarter
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