Lagarde: Pandemic to profoundly change global economy

Saturday, 04. July 2020 14:42

European Central Bank President Christine Lagarde said on Saturday that the coronavirus pandemic "will profoundly change" the global economy, increasing inequalities that will impact societies and sectors across the globe.

Speaking at the Aix en Seine economic meeting, Lagarde explained that these changes caused by the virus could lead to a "more sustainable and ecological way of life."

Finally, Lagarde asserted that "Europe is in an excellent position" to lead the transition to this new global economy.

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