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ECB’s Lagarde Plays Down Concerns About Euro-Zone Stagflation

  • Russia’s war in Ukraine will have ‘consequences’ for growth
  • Fiscal aid for energy spike should be targeted, Lagarde says
Christine Lagarde

Christine Lagarde

Photographer: Alex Kraus/Bloomberg
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European Central Bank President Christine Lagarde played down fears about euro-area stagflation, despite Russia’s invasion of Ukraine starting to weigh on the economy while further stoking already-record gains in consumer prices.