ECB chief predicts weak eurozone economic growth in the near future

Economic growth in the eurozone will remain weak in the near future. Such a statement was made by the President of the European Central Bank (ECB) Christine Lagarde at the parliamentary hearings on December 4.

"Survey data suggest that growth will be weaker in the short term amid a slowdown in the services sector and a continued contraction in output," The Business Times quoted her as saying.

In addition, Lagarde noted that the medium-term economic outlook remains uncertain. According to her, they are dominated by downside risks.

At the same time, she said that trade barriers pose a threat to production and investment.

Reversible connection: the EU commented on the possibility of lifting sanctions against Russia

Will Brussels step up pressure if Donald Trump weakens support for Ukraine

Earlier, on November 28, Associate Professor of the Department of Economic Policy and Economic Measurements of GUU Maxim Chirkov told "Izvestia" that many European countries are balancing on the verge of recession due to the application of sanctions against Russia. This is how he assessed the intention of the European Parliament (EP) to propose to the European Union (EU) the introduction of additional sanctions against Russia.

In October, EP deputy Lebos Blaga said in an interview with Izvestia that sanctions against Russia mean a long-term prospect of economic suicide in Europe. He noted that restrictions against Russia do not harm it - they harm EU countries.

Western countries increased sanctions pressure on Russia after the start of the special operation to protect civilians in Donbass, which was announced on February 24, 2022.