×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Europe | Economy

Europe's Central Banker: Recovery 'risks Losing Momentum'

Monday, 19 October 2020 05:00 AM

FRANKFURT, Germany (AP) — The head of the European Central Bank says that the economic recovery “risks losing momentum” due to the second wave of coronavirus infections and that the chief monetary authority for the euro countries could add more stimulus if that becomes necessary.

Christine Lagarde was quoted as saying in an interview with the French newspaper Le Monde that “the second wave of the pandemic in Europe, notably in France, and the resulting new restrictions are adding to the uncertainty and weighing on the recovery. ”

“Since the rebound we saw over the summer, the recovery has been uneven, uncertain and incomplete and now risks losing momentum,” she said in the interview published Monday in English on the ECB's website.

Lagarde said that “the options in our toolbox have not been exhausted. If more has to be done, we will do more.”

The ECB is already supporting the economy with a pandemic emergency program of bond purchases that are pumping 1.35 trillion euros ($1.58 trillion) in newly created money into the economy. Analysts think the bank may eventually add more stimulus due to weak inflation and slowing growth from the upsurge in infections, along with any new restrictions on travel and activity that may be imposed by governments to slow the spread.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The head of the European Central Bank says that the economic recovery "risks losing momentum" due to the second wave of coronavirus infections and that the chief monetary authority for the euro countries could add more stimulus if that becomes necessary. Christine Lagarde...
Europe,Economy
213
2020-00-19
Monday, 19 October 2020 05:00 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved