• ECB's president Lagarde: Virus will slow down production and reduce demand

Notícias do Mercado

12 março 2020

ECB's president Lagarde: Virus will slow down production and reduce demand

  • Says coronavirus is a major shock
  • Even if temporary, virus will have significant impact on activity
  • Calls for help from fiscal authorities
  • Says governments, policy institutions need to take timely, targeted action
  • Says ambitions, coordinated fiscal policy response needed
  • ECB measures will help smooth provision of credit
  • ECB stands ready to adjust all instruments
  • ECB is determined to support households and firms
  • Latest indicators point to a considerable worsening of the economic outlook
  • Necessary containment measures are adversely affecting activity
  • Growth moderated before the virus outbreak in manufacturing
  • Growth expected to regain traction in medium-term
  • Sees 2020 growth at 0.8%, down from 1.1% seen in December, but numbers pre-date coronavirus
  • Sees 2021 growth at 1.3%, down from 1.4% seen in December
  • Sees 2022 growth at 1.4%, unchanged from December
  • Sees 2020 inflation at 1.1%, unchanged from December
  • Sees 2021 inflation at 1.4%, unchanged from December
  • Sees 2022 inflation at 1.6%, unchanged from December
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