10/29, 2:34 PM (Source: TeleTrader)
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Lagarde: Recovery losing momentum

European Central Bank (ECB) President Christine Lagarde said on Thursday that the economic recovery in the Eurozone is "losing momentum" faster than expected.

More intense coronavirus containment measures are negatively affecting economic activity, despite a "strong rebound during the summer months," she noted at a press conference.

"Inflation is dampened by low energy prices," Lagarde added.

Breaking the News / MS