ECB’s Lagarde Says Euro Area Isn’t Currently in a Recession
Christine Lagarde during the Institute of International Finance annual membership meeting in Washington, on Oct. 12.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
European Central Bank President Christine Lagarde said the euro-area economy is still growing even as concerns over the outlook continue to mount in the face of surging energy costs.
“Europe is not in recession,” Lagarde said Wednesday at an event in Washington, adding that “we never had such a positive employment situation.”