European Commission Lagarde On CNBC Europe Says Eurozone Recession Is Not Our Baseline Forecast
Portfolio Pulse from Benzinga Newsdesk
European Commission President Christine Lagarde stated on CNBC Europe that a recession in the Eurozone is not the baseline forecast, suggesting a more optimistic outlook for the region's economy.
December 14, 2023 | 2:29 pm
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Lagarde's statement may positively influence investor sentiment towards European markets, potentially benefiting VGK, an ETF that tracks European stocks.
Christine Lagarde's comments are likely to be seen as a positive indicator for the stability and growth prospects of the Eurozone economy. As VGK tracks a broad range of European equities, a positive economic outlook can lead to increased investor confidence in these markets, potentially driving up the price of VGK in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70