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)

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

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

Many experts had previously feared that the US raising import tariffs on European goods to 15% after tough negotiations could cause a major shock to growth and re-ignite inflation in the region. However, in reality, the impact has so far been “less severe than expected”, partly thanks to the strong euro helping to reduce import costs.

The eurozone economy is forecast to grow by 1.2% in 2025, thanks to a rebound in Spain and slight improvements in Germany and France, according to the latest IMF forecast.

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