ECB's Lagarde: Europe Is Not Currently in Recession

The video discusses Europe's economic recovery, highlighting positive growth and manufacturing surprises. It contrasts Europe's situation with the US, noting Europe's low unemployment and stable inflation. The transcript emphasizes Europe's strong labor market and manageable wage inflation, suggesting a positive economic outlook.

What are the inflation and wage negotiation trends in Europe mentioned in the text?

What is the significance of the manufacturing numbers for August as stated in the text?