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ECB: Lagarde: Risks to Growth Remain Tilted To Downside

ECB
BundesbankCentral Bank NewsFixed Income BulletsCEEMEAEurozoneGermanyBulletGlobalEuropean Central BankForeign Exchange BulletsRegionMarkets

Lagarde turns to the ECB's risk assessment:

  • "Risks to growth remain tilted to the downside. Lower demand for eurozone exports due to an escalation in trade tensions of weaker global demand, would weigh on euro area growth. Geopolitical risks may result in firms and households becoming less confident in the future and trade may be affected. Growth could be higher if inflation comes down faster than expected and confidence among households and firms improve, or the world economy grows more strongly than expected".
  • "Inflation could be stronger than expected due to heightened geopolitical tensions, wages, extreme weather events and the unfolding climate crisis which would impact food prices. If monetary policy dampens demand more than expected, of world growth worsens, inflation could be lower than expected".
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Lagarde turns to the ECB's risk assessment:

  • "Risks to growth remain tilted to the downside. Lower demand for eurozone exports due to an escalation in trade tensions of weaker global demand, would weigh on euro area growth. Geopolitical risks may result in firms and households becoming less confident in the future and trade may be affected. Growth could be higher if inflation comes down faster than expected and confidence among households and firms improve, or the world economy grows more strongly than expected".
  • "Inflation could be stronger than expected due to heightened geopolitical tensions, wages, extreme weather events and the unfolding climate crisis which would impact food prices. If monetary policy dampens demand more than expected, of world growth worsens, inflation could be lower than expected".