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Euro zone headed for robust growth despite Ukraine war: Lagarde -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. Christine Lagarde, President of European Central Bank addresses a press conference after the meeting of the Governing Council on Monetary in Frankfurt (Germany), March 10, 2022. Daniel Roland/Pool via REUTERS

FRANKFURT, (Reuters) – The Euro zone’s economy will continue to grow this year, despite the fact that war in Ukraine could be a deterrent due to high commodity prices. Christine Lagarde, President of European Central Bank, stated Tuesday.

Lagarde spoke out in a speech emphasizing the bank’s policy stance after last Thursday’s Governing council meeting.

She said that while other growth options are possible, the inflation rate is expected to fall gradually and reach 2% by 2024.

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