Work, Lagarde: "Too few women at the top"
Lagarde: 2020 eurozone GDP revised for the better at -8%.
Economic activity rebounds in the third quarter
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21 September 2020 In the eurozone, "the economic recovery remains very uncertain, uneven and incomplete".
This was stated by the president of the ECB, Christine Lagarde, speaking to the Franco-German Parliamentary Assembly, stressing that "everything will depend on the evolution of the pandemic and on the containment measures" adopted by the countries.
If the right actions are taken now,
this crisis can be an opportunity
for us to create the conditions for more inclusive, greener and more digital growth, Lagarde said, adding: "To return to Jean Monnet's words, this crisis it may be an opportunity for Europe to take a step towards the ways of organizing the world of tomorrow ".
"Our policy package - he continued - has stabilized the markets, protected credit supply and supported the recovery", and "this, in turn, should support the return of inflation towards our medium-term objective and safeguarding price stability ".
"Our measures - underlined the president of the ECB - were complemented by energetic fiscal responses at both national and European level. This was a factor of fundamental importance to alleviate the impact of the pandemic on the labor market and on bank loans. ", reiterating how" the economy still needs that support if the recovery is to continue to strengthen further ".
"The uncertainty of the current context - he concluded - requires a very careful evaluation of the incoming information, including exchange rate developments, in relation to the consequences on inflation prospects in the medium term. The Board of Directors is ready to adapt, as appropriate, all its instruments, to ensure the convergence of inflation towards its objective ".