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ECB President Christine Lagarde spoke to........>

ECB
MNI (London)
ECB: ECB President Christine Lagarde spoke to leaders at this week's EUCO
meeting, and laid out an expected scenario of Q2 GDP down 13% and full year GDP
down 8.7%, whilst warning the worse is still to come for the impact on the
labour markets, MNI sources say. Lagarde is also said to have said the decisive
and effective action by policymakers across Europe has helped pave the way for a
rebound towards year end, reflected in market sentiment, the sources note,
although she added that a failure to deliver could lead to a change in that
sentiment.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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