Lagarde: EU Spending Package Must Be Operational Without Delay

The video discusses the economic uncertainty caused by pandemics, focusing on the COVID-19 impact on the euro area. It highlights the challenges faced by policymakers in bridging the gap until vaccination is widespread. The video examines the uneven economic recovery, particularly affecting the services sector, and the role of government support measures. It also explores the importance of monetary policy in maintaining favorable financing conditions and the use of tools like the Pandemic Emergency Purchase Program. The video concludes with a discussion on future economic outlook and policy adjustments.

What factors are contributing to the high level of uncertainty in the economy?

How is the economic activity in the euro area expected to change in the near term?

What measures are being taken to preserve favorable financing conditions?