ECB: US-EU Trade Deal to Weigh On Growth, Uncertainty Remains

Christine Lagarde, President of the European Central Bank (ECB), stated that the recent trade deal with the U.S. is expected to have a dampening effect on economic growth in the Eurozone. Despite not significantly altering the baseline forecast, the deal did result in higher tariffs between the EU and the U.S. than previously anticipated, as per the latest projections released at the International Business Council of the World Economic Forum.