Economic growth in the eurozone will remain weak in the near future. This statement was made on December 4 by the President of the European Central Bank (ECB) Christine Lagarde at parliamentary hearings.
“Survey data suggest that growth will be weaker in the short term amid a slowdown in the services sector and a continued decline in production,” The Business Times quotes her as saying.
In addition, Lagarde noted that the medium-term economic outlook remains uncertain. According to her, they are dominated by the risks of deterioration of the situation.
At the same time, she stated that trade barriers pose a threat to production and investment.
Earlier, on November 28, Maxim Chirkov, Associate Professor of the Department of Economic Policy and Economic Measurements at the State University of Management, told Izvestia that many European countries are balancing on the brink of recession due to the application of sanctions against Russia. This is how he assessed the intention of the European Parliament (EP) to propose to the European Union (EU) the introduction of additional sanctions against Russia.
In October, MEP Lebosh Blaga said in an interview with Izvestia that sanctions against Russia meant a long-term prospect of economic suicide in Europe. He noted that restrictions against Russia do not harm it – they harm EU countries.