European Central Bank: eurozone economy may decline from 5% to 12% this year

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European Central Bank: eurozone economy may decline from 5% to 12% this year

European Central Bank President Christine Lagarde said on Wednesday that GDP may decline from 8% to 12% this year:  moderate forecast is decline by 5%, average scenario is a fall of 8%, serious scenatio - by 12%.

Christina Lagarde said the eurozone economy is likely to contract in line with the moderate and serious scenarios.

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ECB's Lagarde says Europe's pandemic slowdown probably won't be mild
ECB's Lagarde says Europe's pandemic slowdown probably won't be mild
  • Barbara Kollmeyer
  • www.marketwatch.com
European Central Bank President Christine Lagarde said the eurozone economy is likely to contract along the lines previously outlined in the bank's medium to severe scenarios, ruling out the "mild...
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