Statement from Christine Lagarde, President of the ECB, delivered at the 53rd session of the International Monetary and Financial Committee

Global Economic Outlook Amid Uncertainty

The world economy is currently facing significant challenges, with various factors influencing growth in a complicated and unpredictable landscape. Increased investment in artificial intelligence and supportive fiscal measures in leading nations have helped bolster global expansion. However, ongoing geopolitical conflicts and trade disputes are creating obstacles and introducing substantial risks.

The conflict in the Middle East has led to a surge in energy costs, which, combined with stricter financial conditions and greater uncertainty, is negatively affecting global economic performance.