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ECB’s Lagarde says latest growth data ‘encouraging’

ECB's Lagarde says latest growth data 'encouraging'
© Reuters. European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – Latest data about economic output in France, Germany and Spain is “quite encouraging” and confirms the European Central Bank’s expectations, ECB President Christine Lagarde said in an interview published on Sunday.

“The second quarter GDP figures for France, Germany and Spain are quite encouraging,” Lagarde told French daily Le Figaro. “They support our scenario of GDP growth of 0.9% in the euro area this year.”

Source: Investing.com

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