ECB President Lagarde: Economic Growth Faces Downside Risks, Calls for Steady Progress
The European economy faces downside risks, with energy price fluctuations and uncertainties in international trade being the main challenges. On inflation, the ECB remains confident about achieving the 2% target by 2025, adopting gradual rate cuts to ease pressure and stabilize the economy. Although the labor market is relatively stable, strong wage growth could fuel inflation, necessitating a balance between job creation and wage control.
Owen Li