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Europe’s central banker: Recovery ’risks losing momentum’ amid 2nd COVID-19 wave

Europe’s central banker: Recovery ’risks losing momentum’ amid 2nd COVID-19 wave

Christine Lagarde, the head of the European Central Bank, has warned that the economic recovery from the pandemic ’risks losing momentum’ due to the second wave of infections and that more stimulus could be added if necessary. She asked the block to spend its 750 billion-euro recovery fund for the pandemic-hit economy promptly and think about creating a permanent fiscal tool.

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