Banking
ECB’s Lagarde flags bottlenecks, energy and virus as key risks
Published by maria gbaf
Posted on September 30, 2021
1 min readLast updated: February 1, 2026
Global Banking & Finance Review®
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Published by maria gbaf
Posted on September 30, 2021
1 min readLast updated: February 1, 2026
ECB's Lagarde discusses euro zone risks due to supply bottlenecks, energy prices, and potential new pandemic waves.
FRANKFURT (Reuters) – The economic outlook for the euro zone is still fraught with uncertainty, stemming from supply bottlenecks, surging energy prices and new waves of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday.
“How long how those bottlenecks will take to be resolved… is one of the question marks,” Lagarde said at an ECB event.
Speaking of higher energy prices, Lagarde added: “We’ll see how long it takes for that to fade away; it should go out in the first part of ’22.”
“The last of the uncertainties that we have to account for…is potential new waves of a pandemic that would be vaccine-resistant,” Lagarde said.
(Reporting By Francesco Canepa and Balazs Koranyi)
The main topic is the economic risks faced by the euro zone, including supply bottlenecks, energy prices, and potential pandemic waves.
Key risks include supply bottlenecks, surging energy prices, and potential new waves of the coronavirus pandemic.
Christine Lagarde is the President of the European Central Bank, addressing economic concerns in the euro zone.
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