Fourth quarter growth will be down

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Following the decision of the European Central Bank (ECB) to leave its interest rates unchanged and the Pandemic Emergency Purchase Program (PEPP) of 1,350,000 million euros, Christine Lagarde, President of the ECB, pronounces is concluding his remarks on the prospects for monetary policy at a press conference.

Featured statements:

“Third quarter GDP data could surprise to the upside.”

“He fourth quarter growth will be down“.

“It is expected that November is very negative“.

“It is difficult to predict whether December will offset the fall in November.”

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Credits: Forex Street

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