The uncertainty for businesses and families will increase Due to the coronavirus-induced lockdown restrictions reimposed in the euro zone to curb rising infections, the president of the European Central Bank (ECB) said on Sunday, Christine Lagarde, according to Bloomberg.
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The recovery remains uncertain, uneven and incomplete.
It is clear that both the support of the fiscal and monetary policy must remain in place for as long as necessary and “cliff effects” should be avoided.
The services sector, which accounts for 75% of employment in the euro zone, has been the most affected by the pandemic.
With inflation recently falling into negative territory, the ECB is under pressure to announce more stimulus before the end of the year.
Credits: Forex Street
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