ECB Lagarde expects large contraction in Eurozone and rapidly deteriorating labor markets

<p>ECB President Christine Lagarde told the International Monetary and Financial Committee, “in the euro area, incoming economic data, particularly recent survey results, have started to show unprecedented falls, pointing to a large contraction in output in the euro area, as well as to rapidly deteriorating labour markets.” She added that the central bank is fully […]</p>
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