ECB president Lagarde: It is very likely that ECB 'mild' scenario is outdated

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27 May 2020

ECB president Lagarde: It is very likely that ECB 'mild' scenario is outdated

It is very hard to forecast how badly the economy has been affected
Economic contraction now seen somewhere between 'medium' and 'severe' scenario
ECB had to resort to exceptional measures to make sure there is plenty of liquidity
ECB primary objective is to ensure price stability

IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

Brent price forecast revised up to $40/ barrel by end-2020 – Morgan Stanley

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