Euro Zone Economic Growth Outlook

FRANKFURT (Reuters) – Euro zone economic growth may weaken in the coming months, but recovery is anticipated to gain momentum later, stated European Central Bank President Christine Lagarde during a parliamentary hearing on Wednesday.

Lagarde mentioned that survey-based data indicates short-term growth could be sluggish due to a slowdown in the services sector and an ongoing contraction in manufacturing.

Looking ahead, she expressed optimism that the euro area’s economic recovery is expected to pick up pace. "Consumer spending is anticipated to rise as real incomes increase, and investment is expected to recover," she noted.