UK markets closed
  • FTSE 100

    7,032.30
    -46.12 (-0.65%)
     
  • FTSE 250

    22,948.83
    -101.63 (-0.44%)
     
  • AIM

    1,251.11
    +3.84 (+0.31%)
     
  • GBP/EUR

    1.1707
    -0.0030 (-0.26%)
     
  • GBP/USD

    1.3906
    -0.0051 (-0.37%)
     
  • BTC-GBP

    30,111.39
    +1,159.19 (+4.00%)
     
  • CMC Crypto 200

    955.03
    +5.13 (+0.54%)
     
  • S&P 500

    4,395.26
    -23.89 (-0.54%)
     
  • DOW

    34,935.47
    -149.06 (-0.42%)
     
  • CRUDE OIL

    73.81
    +0.19 (+0.26%)
     
  • GOLD FUTURES

    1,816.90
    -18.90 (-1.03%)
     
  • NIKKEI 225

    27,283.59
    -498.83 (-1.80%)
     
  • HANG SENG

    25,961.03
    -354.29 (-1.35%)
     
  • DAX

    15,544.39
    -96.08 (-0.61%)
     
  • CAC 40

    6,612.76
    -21.01 (-0.32%)
     

Euro zone to recover faster than thought, still needs support -ECB

·1-min read
The spread of the coronavirus disease (COVID-19) in Germany

BRUSSELS (Reuters) - The euro zone is recovering faster than earlier expected, but still needs continued fiscal and monetary support so that the pandemic does not leave scars, European Central Bank head Christine Lagarde told European Union leaders on Friday.

"Euro area GDP is recovering and will return to pre-pandemic levels by the first quarter of 2022, one quarter earlier than expected in spring," Lagarde told the leaders according to one official familiar with the talks.

"Fiscal and monetary policy continue to play their role in underpinning economic activity and bolstering confidence. Continued support is needed to avoid that the pandemic leave large scars o the economy," she said.

(Reporting by Jan Strupczewski)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting