Lagarde Says ECB to Act If Needed as Pandemic Hits Economy

The video discusses the ongoing impact of the pandemic on the euro area, highlighting job and income losses, and the challenges faced by businesses. It covers the economic recovery, noting that while consumer spending and business investment have picked up, uncertainty remains. The ECB's GDP growth and inflation projections are presented, with real GDP expected to recover by late 2022. The video details policy measures, including liquidity operations and the Pandemic Emergency Purchase Program, aimed at supporting economic recovery and ensuring price stability.

How is inflation expected to change in the euro area from 2020 to 2022?

What measures have been taken to support the economic recovery during the pandemic?

What is the significance of the pandemic Emergency purchase program mentioned in the text?