European Central Bank
Christine Lagarde signals double-dip downturn for eurozone
ECB keeps rates and stimulus steady at first meeting of 2021
21 January 2021 - 17:56
Brussels — European Central Bank (ECB) president Christine Lagarde signalled that the eurozone economy is headed for a double-dip recession, while insisting that the current level of monetary stimulus is enough for now.
The ECB chief said output probably shrank at the end of 2020, and “a decline in the fourth quarter will travel into the first quarter”. Economists are increasingly predicting a contraction in the first three months of 2021 as governments extend lockdowns to contain the resurgent coronavirus...
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