ECB Lagarde: Economic outlook deteriorated, inflation drivers changing

<p>ECB President Christine Lagarde, struck a somber tone during the post-meeting press conference. She acknowledged that the economic outlook for Eurozone has “deteriorated” in the near term, citing persistent high inflation and tighter financial conditions as key factors pressuring the manufacturing output. Lagarde stated, “High inflation and tighter financing… is weighing especially on manufacturing output, […]</p>
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