ECB President Highlights Economic Uncertainties

European Central Bank (ECB) President Christine Lagarde expressed concerns over the "exceptional uncertainty" clouding the economic outlook, primarily due to unclear U.S. tariffs. Despite signs of stabilization in the euro area's manufacturing sector and likely first-quarter growth, Lagarde warned of potential consumer spending hesitations and weak investment.

Call for Urgent Policy Actions

Lagarde emphasized the urgency for fiscal and structural policies to enhance the euro area's competitiveness, productivity, and resilience. Key initiatives include finalizing the savings and investment union and swiftly establishing a legislative framework for the potential digital euro introduction.