Lagarde press conference: Headwinds on growth should fade next year

Higher tariffs, stronger euro and competition are holding growth backInvestment should be underpinned by government spendingRecent surveys point to growth both in the manufacturing and services sectorsGrowth shows resilience of domestic demandEconomic risks more balanced (previously were tilted to the downside)Inflation outlook is more uncertain that usual (no hint on upside or downside risks)Stronger euro could bring inflation down more than expectedShe is upbeat so far.The bolded comment led to immediate bids in the euro.More:The disinflationary process is overWe are still in a good placeInflation is where we want it to be, the domestic market is showing resilienceDecision was unanimousTrade uncertainty has diminishedMinimal deviation from target will not necessarily justify movement
This article was written by Adam Button at investinglive.com.

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