Lagarde expects to delay the economy of Europe, amid trade disaster

The European President of the Central Bank, Christine Lagarde, said that the economy in the eurozone is likely to be a slowdown in this term, while doubts about the global trade remaining, although recent agreements with the United States have reduced some issues of uncertainty. During her discussion in Geneva, Lagarde added that the current customs of 15% on most European goods are slightly higher than the level at which the European Central Bank was accepted in June, but it is ‘much lower’ than the hard scenario that the bank also set up. Lagarde said on Wednesday: “The recent commercial agreements have alleviated the intensity of global uncertainty, but they are not completely eliminated as it still exists because of the unexpected political environment,” Lagarde said on Wednesday. She added: “The uncertainty remains in the light of the ambiguity of customs duties applied to the sectors of medicine and semi -conductors.” These are the first statements made by Lagarde since the European Union concluded the trade agreement with President Donald Trump. European interest expectations are expected to hold the European Central Bank officials the interest rate of deposit at 2% during their meeting in September after their summer holidays, and it will continue to stop last month after a year -long discount campaign. Most monetary policymakers believe that interest rates at an appropriate level do not impede or support the economic activity, while some have indicated that its reduction should not be excluded in the future. Lagarde warns: The forced approach to trade will not succeed in the long run. Lagarde said: “The employees of the European Central Bank will take into account the effects of the European Union trade agreement on the eurozone economy within the coming expectations for the month of September, which will direct our decisions in the coming months.” The European economy under the pressure of the Eurozone economy, consisting of 20 countries, unexpectedly expanded by 0.1% in the second quarter, which is indicative of the flexibility against commercial and geopolitical pressure. While inflation remains near the purpose of the European Central Bank of 2%. “The eurozone economy showed clear elasticity earlier this year despite the challenges facing the global environment,” Lagarde said at the World Economic Forum meeting of the Business Council. The future of Lagarde, despite the denial of the rumors that she suggested that she leave her position in the European Central Bank to take over the leadership of the World Economic Forum, the recent media reports indicate that she can take the position after leaving her work in Frankfurt during 2027. A forum spokesman refused to comment.