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Ukraine: European leaders show caution in the face of risks to growth

2022-02-25T19:52:54.611Z


Tensions arising from the conflict with Russia are likely to further fuel already record inflation Barely out of the pandemic, Europe is plunging back into a period of economic turmoil. "After two years of uncertainty and difficulties linked to the Covid, few of us would have imagined that uncertainty would return through the door of war, which we thought was closed forever," said Christine Lagarde, president, with gravity. of the European Central Bank (ECB), Friday, during an informal Ecofin s


Barely out of the pandemic, Europe is plunging back into a period of economic turmoil.

"After two years of uncertainty and difficulties linked to the Covid, few of us would have imagined that uncertainty would return through the door of war, which we thought was closed forever,"

said Christine Lagarde, president, with gravity. of the European Central Bank (ECB), Friday, during an informal Ecofin summit bringing together Ministers of the Economy and major European financiers in Paris.

After the hiccups linked to the Omicron variant, the growth of the European economy is again in danger of being undermined by the consequences of the conflict in Ukraine.

The thinning will have been short-lived.

The forecast of 4% growth in euro zone activity this year may need to be revised downwards.

Several economists estimate the damage at around 0.5% of GDP.

According to Reuters, the ECB's chief economist, Philip Lane, presented several scenarios to an informal meeting of the Council of…

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Source: lefigaro

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