ECB's Lagarde Sees Highly Uncertain Growth, Inflation Outlook

The video discusses the uncertainties surrounding economic growth and inflation, highlighting risks such as the Russia-Ukraine conflict and geopolitical tensions that could affect global trade and the euro area economy. It also examines how monetary policy and financial market tensions might impact growth. Additionally, the video considers the potential for slower global economic growth to dampen euro area activity, while also noting that strong labor markets and reduced uncertainty could boost confidence and spending, leading to higher growth.

In what ways could a strong labor market influence economic growth?

What impact does consumer confidence have on economic activity in the euro area?