The post-pandemic recovery of the euro area will accelerate from the middle of the year

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The post-coronavirus pandemic recovery in the euro zone is likely to be delayed somewhat, although it could accelerate from mid-2021said the president of the European Central Bank (ECB), Christine Lagarde, in an interview with Le Journal du Dimanche.

Key Comments:

“We hope that the rebound accelerates in the middle of the yeareven if uncertainties persist. “

“Let’s be clear: we will not see a return to pre-pandemic levels of economic activity before mid-2022“.

“The plan must be ratified in time for the European Commission to borrow as planned next June and then distribute the funds.”

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