February 26, 2020 / 2:09 PM / a month ago

Euro zone governments should use budget measures to support growth - Lagarde

European Central Bank President Christine Lagarde looks on during a debate on the 2018 annual report of the ECB, at the European Parliament in Strasbourg, France, February 11, 2020. REUTERS/Vincent Kessler

WIESBADEN, Germany (Reuters) - European Central Bank President Christine Lagarde repeated her call on Wednesday for euro zone governments to use their budgetary leeway to boost growth amid the bloc’s slowdown.

Weak foreign trade has dragged the euro zone’s vast manufacturing sector into recession in recent months, and the coronavirus outbreak is risking further disruption.

“Fiscal measures intended to support the economy are certainly very welcome, particularly under present circumstances,” Lagarde told reporters.

Reporting by Frank Siebelt; Writing by Balazs Koranyi; Editing by Hugh Lawson

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