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Euro zone recovering faster than anticipated: Lagarde By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – Christine Lagarde (ECB President) speaks during a conference to discuss the outcomes of the Governing council meeting. It took place in Frankfurt, Germany on September 9, 2021. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – The euro zone economy is recovering quicker than anticipated just six months ago, mostly due to a rapid vaccination campaign that allowed large sectors of the economy to reopen, European Central Bank President Christine Lagarde said on Thursday.

Lagarde stated in a speech that the combined gross domestic product from the 19 euro-member countries was expected to recover to pre-crisis levels before the year’s end, even though the recovery trend is still not complete.

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