LAGARDE: ECONOMY OF THE EUROZONE WILL NOT RETURN TO PRE-CRISIS LEVELS IN 2021
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President of the European Central Bank informed that the news of the emergence of a vaccine against coronavirus will not affect the bank’s plans to stimulate the economy.
NEW YORK, November 17. / TASS /. President of the European Central Bank (ECB) Christine Lagarde believes that the eurozone economy is unlikely to recover to pre-crisis levels in 2021. She expressed this opinion on Tuesday at the international forum “New Economy” organized by the Bloomberg agency, held in an online format.
“I think that the first half of 2021 will certainly be difficult, and by the end of the year we will not reach the level that was before the pandemic,” Lagarde said, adding that the key task now is to prevent the economic crisis from escalating into a financial one. … “We need to avoid this as it can be an aggravating factor,” she said.