China News Agency, Berlin, June 26 (Reporter Peng Dawei) European Central Bank President Lagarde said on the 26th that the euro zone economy is likely to have passed the trough, but the risk of a second serious outbreak is still there. She reminded that the road to economic recovery in the euro area is expected to be rugged in the future, and some companies in the aviation and entertainment industries may never be able to return to the state before the epidemic.
The European Central Bank in Frankfurt, Germany, is responsible for formulating the monetary policy of the euro zone. Lagarde made the above statement when attending an online dialogue event that day.
The new crown epidemic situation in EU countries and the UK is stabilizing. The outbreak surveillance report released by the European Center for Disease Control on the 26th shows that the newly diagnosed rate per 100,000 people in 29 of the 31 countries including the EU/EEA countries and the United Kingdom has fallen below the peak. The average newly diagnosed rate per 100,000 people in the above-mentioned 31 countries has dropped by 83% from the highest peak on April 9 this year.
Lagarde said on the same day that the Eurozone economy "probably has already passed the lowest point", but she also said that she made this judgment with anxiety, "because there may be a serious second wave of epidemics."
The latest outlook report released by the International Monetary Fund (IMF) recently predicted that the euro zone economy will decline by 10.2% this year, and next year it is expected to see a 6% recovery.
Lagarde pointed out that this recovery may be "rugged", "incomplete" and "disruptive". Some companies in the aviation and entertainment industries may never be able to return to the state before the epidemic, while others Or it will come out of the epidemic in a stronger state.
In May this year, the German Federal Constitutional Court ruled that the quantitative easing of the European Central Bank violated the German Basic Law (the German Constitution). In this regard, Lagarde responded that the response measures taken by the European Central Bank in response to the challenges facing the Eurozone were “proportional”. (Finish)