Christine Lagarde

European Central Bank President Christine Lagarde signaled that the eurozone economy is headed for a doubledip recession, while insisting that the current level of monetary stimulus is enough for now. The ECB chief said output probably shrank at the end of 2020, and a decline in the fourth quarter will travel into the first quarter. Economists are increasingly predicting a contraction in the first three months of this year as governments extend lockdowns to contain the resurgent coronavirus.