ECB’s Lagarde: Euro area growth remains weak due to global factors

Haresh Menghani FXStreet

The European Central Bank (ECB) President Christine Lagarde, testifying before the European Parliament this Monday, said that the region’s economic growth remains weak and this weakness has been mainly due to global factors.

Additional quotes:

The world economic outlook remains sluggish and uncertain.
Consumption has held up fairly well.
I can assure you that the EC is ambitious to do and to play its part in accordance with its mandate.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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