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InvestmentsECB's Lagarde flags bottlenecks, energy and virus as key risks By Reuters

ECB’s Lagarde flags bottlenecks, energy and virus as key risks By Reuters


© Reuters. FILE PHOTO: President of the European Central Bank (ECB) Christine Lagarde speaks as she takes half in a information convention on the result of the Governing Council assembly, in Frankfurt, Germany, September 9, 2021. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – The financial outlook for the euro zone remains to be fraught with uncertainty, stemming from provide bottlenecks, surging energy costs and new waves of the coronavirus pandemic, European Central Bank President Christine Lagarde stated on Wednesday.

“How long how those bottlenecks will take to be resolved… is one of the question marks,” Lagarde stated at an ECB occasion.

Speaking of upper energy costs, Lagarde added: “We’ll see how long it takes for that to fade away; it should go out in the first part of ’22.”

“The last of the uncertainties that we have to account for…is potential new waves of a pandemic that would be vaccine-resistant,” Lagarde stated.

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