Inflation in the euro area is unlikely to surge to levels seen in the U.S., European Central Bank President Christine Lagarde said on Friday.
Speaking via videoconference at the WEF's Davos Agenda event on Friday, Lagarde defended the ECB's policy, arguing that Europe did not share the United States'"state of excessive demand."
"When I look at the labor market we are not experiencing anything like The Great Resignation, and our employment participation numbers are getting very close to the pre-pandemic level," she added. Millions of Americans quit their jobs in recent months in pursuit of higher wages and better working conditions. The movement hasCore inflation — a measure that removes components that are vulnerable to volatility from the inflation figure — in the U.S. is at 5.5%, Largarde added, compared to 2.6% in the euro area.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Top EU diplomat accuses Russia of not taking Europe seriously as tensions grow on Ukrainian borderA top diplomat from the European Union has accused Russia of not taking Brussels seriously and said it will likely backfire against Moscow.
Baca lebih lajut »
Jeep Introduces New Renegade And Compass E-Hybrids In Europe | CarscoopsThe models feature a turbocharged 1.5-liter engine, a seven-speed DCT, and an electric motor
Baca lebih lajut »
U.K. Leads Europe in Easing Omicron RestrictionsEvidence from more countries in Europe bolstered hopes that the Omicron wave will cause less suffering than previous dominant coronavirus variants as President Biden said that almost two years of the Covid-19 pandemic had caused frustration and fatigue among Americans.
Baca lebih lajut »
COVID-19: Europe considers new strategy of accepting the virusThe idea to deal with COVID-19 in Europe is to move from crisis mode to control mode, approaching the virus in much the same way countries deal with flu or measles.
Baca lebih lajut »
AutoFlight Plans A Futuristic AirTaxi Service That Will Go Live In Europe By 2025 | CarscoopsAutoFlight Plans A Futuristic AirTaxi Service That Will Go Live In Europe By 2025 | Carscoops carscoops
Baca lebih lajut »
Europe Considers New COVID-19 Strategy: Accepting the VirusWith one of Europe’s highest vaccination rates and its most pandemic-battered economies, the Spanish government is laying the groundwork for a new different COVID-19 playbook.
Baca lebih lajut »