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Nagel Echoes Lagarde on Euro Zone Slipping Below ECB Baseline

The euro-zone economy has shifted beyond the European Central Bank’s base case and toward a more painful outcome due to the Iran war, Governing Council member Joachim Nagel said — echoing an earlier assessment by President Christine Lagarde.

This article was originally published by Bloomberg Markets and is republished here under license.

The euro-zone economy has shifted beyond the European Central Bank’s base case and toward a more painful outcome due to the Iran war, Governing Council member Joachim Nagel said — echoing an earlier assessment by President Christine Lagarde.

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