BRUSSELS (Reuters) – European Central Bank Governor Christine Lagarde told EU leaders on Thursday that the coronavirus pandemic could cut up to 15% of their economic output, a diplomatic source said.
Asked about Lagarde comments on Thursday afternoon to a videconference of the 27 national EU leaders discussing economic recovery from the pandemic, the source said she presented “a bleak outlook: a downturn in the range of 5-15%.”
(Reporting by Gabriela Baczynska)
