ECB’s Lane: Unlikely economic activity will return to pre-crisis level before 2021

Dhwani Mehta FXStreet

Further comments are flowing in from the European Central Bank (ECB) Chief Economist Phillip Lane, as he sheds some light on the Euro area economic outlook.

“ECB is careful to remain a good distance from monetary financing.”

“What we know for sure is that the steepest fall will be in 1H 2020.”

“These terrible economic conditions should recover little by little, week by week.”

EUR/USD unmoved

Despite pessimistic growth outlook, EUR/USD continues to trade in familiar ranges around 1.0820 ahead of a quiet EUR calendar and subdued US dollar trading activity.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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