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ECB: Lagarde: Exports Should Support Recovery If Trade Tensions Don't Escalate

ECB
BundesbankCentral Bank NewsFixed Income BulletsCEEMEAEurozoneGermanyBulletMarketsEuropean Central BankForeign Exchange Bullets

The ECB's press conference has started. On economic growth: 

  • The economy stagnated in Q4 according to flash GDP estimates, set to remain weak in the near-term.
  • Surveys suggest mfg continues to contract vs expanding services.
  • Consumer confidence is fragile and households haven’t drawn sufficient encouragement from higher real incomes. Nevertheless, conditions for recovery remain in place.
  • The labour market has softened in the past few months but remains robust.
  • Provided trade tensions don’t escalate, exports should support the recovery as global demand rises. Fiscal and structural policies should make the economy more resilient.
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The ECB's press conference has started. On economic growth: 

  • The economy stagnated in Q4 according to flash GDP estimates, set to remain weak in the near-term.
  • Surveys suggest mfg continues to contract vs expanding services.
  • Consumer confidence is fragile and households haven’t drawn sufficient encouragement from higher real incomes. Nevertheless, conditions for recovery remain in place.
  • The labour market has softened in the past few months but remains robust.
  • Provided trade tensions don’t escalate, exports should support the recovery as global demand rises. Fiscal and structural policies should make the economy more resilient.