ECB President: Europe is able to cope with economic shocks

VTV.vn - ECB President Christine Lagarde said that Europe is in a strong position to deal with future economic shocks.

ECB President Christine Lagarde. (Source: THX/TTXVN)

On October 16, European Central Bank (ECB) President Christine Lagarde affirmed that, despite pressure from US tariffs and the conflict in Ukraine, Europe is in a strong position to cope with future economic shocks.

Speaking at an International Monetary Fund (IMF) event in Washington, D.C., Ms. Lagarde said that eurozone inflation has remained around the 2% target in recent months. “We are in a good position and well prepared to face upcoming shocks,” she said, while acknowledging that many unpredictable risks remain, such as trade tensions and the conflict in Ukraine.

Previously, many experts feared that the US raising import tariffs on European goods to 15% after tense negotiations could cause a major shock to growth and reignite inflation in the region. However, in reality, the impact has been "lighter than expected," partly thanks to the strong euro which helps reduce import costs.

According to the latest IMF forecast, the eurozone economy's growth outlook for 2025 has been upgraded to 1.2%, thanks to the rebound in Spain and slight improvements in Germany and France.

Source: https://vtv.vn/chu-tich-ecb-chau-au-du-suc-ung-pho-voi-cac-cu-soc-kinh-te-100251017143759653.htm