ECB's Lagarde: Economy resilient, service-led growth expected to continue


  • Domestic demand the main growth engine in the years ahead
  • Savings rate should come down
  • Gov’t expenditure on defense should underpin investment
  • Global environment likely to remain a drag
  • Underlying investment remains consistent with 2% medium-term target
  • Trade tensions have eased but volatile environment a risk

The euro is higher since the ECB decision but it’s mostly due to a falling US dollar after CPI data.

More in the Q&A:

  • The decision was unanimous
  • We are in a good place, doesn’t mean we are static
  • No set data for any more

This article was written by Adam Button at investinglive.com.



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