Speaking about alternative growth models at a webinar on Saturday, the European Central Bank (ECB) President Christine Lagarde said that a falling trend in price pressures will persist over the next two years due to the coronavirus pandemic-driven economic transformation. Key quotes (via Bloomberg) “The transition to new economic models will be disruptive — they will probably be more disruptive in the first two years, obviously hitting employment and production — and then we can hope it improves productivity.” “So the inflation dynamic will necessarily be impacted, probably with a disinflationary, deflationary aspect at first, and then inflation dynamic.” “The ECB estimates that supply chains will shrink by around 35% and use of robots will increase by between 70% and 75%.” “An increase in online retail payments since the start of the year, and called on the European Union to develop a single digital market.” “Pandemics typically increase inequality, with economic and social consequences that the central bank will have to take into account.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Forecast July 6-10 – Canadian Dollar Jumps Despite GDP Crash Kenny Fisher 3 years Speaking about alternative growth models at a webinar on Saturday, the European Central Bank (ECB) President Christine Lagarde said that a falling trend in price pressures will persist over the next two years due to the coronavirus pandemic-driven economic transformation. Key quotes (via Bloomberg) “The transition to new economic models will be disruptive -- they will probably be more disruptive in the first two years, obviously hitting employment and production -- and then we can hope it improves productivity.” “So the inflation dynamic will necessarily be impacted, probably with a disinflationary, deflationary aspect at first, and then inflation dynamic.” “The ECB estimates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.