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ECB’s Lagarde warns post-pandemic imbalances may curb growth

Mark White by Mark White
October 8, 2021
in Supply Chain
0


FRANKFURT, Oct 8 (Reuters) – The euro zone’s economic recovery is facing frictions and imbalances that could hold it back and last beyond the end of the pandemic, European Central Bank President Christine Lagarde said on Friday.

“We’re seeing rising energy prices that are affecting real income and supply chain disruptions that are holding back industrial productions,” Lagarde said in a video message.

“That imbalance should be temporary even if it’s hard to predict exactly how long disruptions would last. But at the same time the pandemic is also producing more lasting shifts in demand that could lead to lingering supply/demand imbalances across sectors.” (Reporting by Francesco Canepa; Editing by Alison Williams)



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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