On Monday, 20 April, President of the European Central Bank (ECB) Christine Lagarde reported that uncertainty persists as to the impact of the war in the Middle East on the economic trajectory of the euro area.
“If the conflict resolves quickly, the direct energy price shock could prove to be at the smaller end of expectations – and the economic impact would be contained. The outlook, however, remains fragile – and worse paths are still possible”, Ms Lagarde stated during an...