TG TV: Lagarde says “COVID-19 will have a significant impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant impact on economic activity.”

In a statement issued, Lagarde said, “The spread of the COVID-19 has been a major shock to the global economy and the euro area economy… The virus will have a significant impact on economic activity.”