Lagarde: 2021 will be year of recovery
European Central Bank President Christine Lagarde (pictured) stated on Sunday that she expects 2021 to be the “year of recovery” for the Eurozone.
“We expect the upswing to gather pace around the middle of the year, even if the uncertainties persist,” Lagarde said in an interview with Le Journal du Dimanche. Despite this, the EU “will not see a return to pre-pandemic levels of economic activity before mid-2022,” she noted.
The European official previously asserted that while the Euro area’s recovery from the coronavirus has been delayed it hasn’t been derailed.
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