AGL 40.40 Increased By ▲ 0.20 (0.5%)
AIRLINK 129.27 Increased By ▲ 0.16 (0.12%)
BOP 6.34 Decreased By ▼ -0.26 (-3.94%)
CNERGY 4.17 Increased By ▲ 0.14 (3.47%)
DCL 8.76 Increased By ▲ 0.31 (3.67%)
DFML 42.40 Increased By ▲ 1.15 (2.79%)
DGKC 87.76 Increased By ▲ 0.76 (0.87%)
FCCL 33.63 Increased By ▲ 0.28 (0.84%)
FFBL 66.28 Increased By ▲ 0.38 (0.58%)
FFL 10.72 Increased By ▲ 0.18 (1.71%)
HUBC 112.90 Increased By ▲ 2.20 (1.99%)
HUMNL 15.80 Increased By ▲ 0.57 (3.74%)
KEL 4.79 Increased By ▲ 0.01 (0.21%)
KOSM 7.94 Increased By ▲ 0.11 (1.4%)
MLCF 42.12 Increased By ▲ 0.22 (0.53%)
NBP 60.95 Increased By ▲ 0.45 (0.74%)
OGDC 189.39 Increased By ▲ 6.59 (3.61%)
PAEL 25.60 Increased By ▲ 0.24 (0.95%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 148.60 Increased By ▲ 0.79 (0.53%)
PRL 25.30 Increased By ▲ 0.74 (3.01%)
PTC 16.40 Increased By ▲ 0.16 (0.99%)
SEARL 70.55 Increased By ▲ 0.05 (0.07%)
TELE 7.35 Increased By ▲ 0.05 (0.68%)
TOMCL 36.15 Decreased By ▼ -0.15 (-0.41%)
TPLP 8.07 Increased By ▲ 0.22 (2.8%)
TREET 16.40 Increased By ▲ 1.10 (7.19%)
TRG 51.49 Decreased By ▼ -0.21 (-0.41%)
UNITY 27.31 Decreased By ▼ -0.04 (-0.15%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,932 Increased By 90.6 (0.92%)
BR30 30,482 Increased By 445.5 (1.48%)
KSE100 93,277 Increased By 756 (0.82%)
KSE30 28,985 Increased By 199 (0.69%)
Print Print 2020-01-24

Economic risks 'less pronounced' as trade tensions ease: Lagarde

European Central Bank chief Christine Lagarde on Thursday said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce even as President Donald Trump reignited a trade spat with Europe.
Published 24 Jan, 2020 12:00am

European Central Bank chief Christine Lagarde on Thursday said risks to the eurozone economy had become "less pronounced" in the wake of a US-China trade truce even as President Donald Trump reignited a trade spat with Europe.

Speaking to reporters after chairing her second meeting as president, Lagarde said the bank's ultra-easy money policies remained necessary in the face of stubbornly low inflation and slow growth.

But she hinted that the ECB was more optimistic about the euro area outlook following the partial US-China trade deal struck after two years of tensions that roiled the global economy.

"Risks related to geopolitical factors, rising protectionism and vulnerabilities in emerging markets remain tilted to the downside, but have become less pronounced as some of the uncertainty surrounding international trade is receding," Lagarde told reporters in Frankfurt.

She said the US-China deal had reduced uncertainty but would also have knock-on effects on other countries, creating winners and losers.

The ECB would now "very carefully" study the impact of the deal, she said.

But Trump already appeared to be gearing up for his next trade battle, after saying in Davos on Wednesday that the European Union was next in his line of sights.

"The European Union is tougher to deal with than anybody. They've taken advantage of our country for many years," Trump told Fox Business Network.

He also threatened to impose crippling tariffs on EU-built cars unless the EU budges on a transatlantic trade deal.

Copyright Agence France-Presse, 2020

Comments

Comments are closed.