BUSINESS
The ECB expects two years of deflation and economic transformation due to the crisis - Economo
BUSINESS

The ECB expects two years of deflation and economic transformation due to the crisis - Economo

Published: July 5, 2020  |  4 min read, 737 words
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The governor of the European Central Bank (ECB) Christine Lagarde said that the Eurozone is facing two years of downward pressure on prices, but there may be a reversal after that because the coronavirus crisis will accelerate the transformation of the economy.The head of the ECB said during a webinar on Saturday that the pandemic would stimulate the earlier transition to greater digitalization and automation, shorter supply chains, and greener industries.At the same time, the central bank will have to maintain its extremely loose monetary policy and financial instruments will have to be... READ MORE
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