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ECB President: Economic Growth Slowing, Trade Uncertainty Lingers
Summary: In a recent statement, European Central Bank President Lagarde stated that despite recent agreements with the United States reducing some uncertainty, economic growth in the Eurozone may slow this quarter, with global trade still facing uncertainty. Lagarde noted that the current 15% tariffs on most European goods are slightly higher than the ECB's June assumptions, ...
In a recent statement, European Central Bank President Lagarde stated that despite recent agreements with the United States reducing some uncertainty, economic growth in the Eurozone may slow this quarter, with global trade still facing uncertainty. Lagarde noted that the current 15% tariffs on most European goods are slightly higher than the ECB's June assumptions, but 'far below' the severe scenario previously planned. She emphasized that while recent trade agreements have eased some uncertainty, it has not been completely eliminated. Due to unpredictable policy environments, uncertainty still remains, especially regarding tariffs on pharmaceuticals and semiconductors.
