EUFN - ECB sees eurozone economy returning to pre-crisis levels in Q1 2022

Thomas Lohnes/Getty Images News The eurozone economic activity should return to pre-crisis levels in Q1 of 2022, European Central Bank President Christine Lagarde said during her post-decision press conference.Like her U.S. counterpart, Fed Chair Jerome Powell, she expects elevated inflation to be temporary. Lagarde attributes the higher inflation to higher energy prices (especially compared with depressed prices a year ago) and a temporary value-added tax reduction in Germany last year.Those factors should fade out by 2022, she said.The economy is poised for strong Q3 growth. Still, 3.3M fewer people are employed now than before the pandemic, she said.The Delta variant of the coronavirus could weigh on the recovery, she said.ETFs to watch: [[FXE]], [[EUO]], [[EUFN]], [[ULE]],Developing..Earlier, European Central Bank says rates could move lower, picks up purchase pace

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ECB sees eurozone economy returning to pre-crisis levels in Q1 2022