Core Viewpoint - The European Central Bank President Christine Lagarde stated that the inflation outlook for the Eurozone is more uncertain than ever before [1] Group 1 - Lagarde emphasized the increased uncertainty surrounding inflation forecasts in the Eurozone, indicating potential challenges for monetary policy [1]

Core Viewpoint - The European Central Bank (ECB) anticipates a slowdown in economic growth due to escalating global trade tensions, deteriorating financial market sentiment, and ongoing geopolitical tensions [1] Economic Growth Projections - The ECB projects that the Eurozone economy will grow by 0.9% in 2023, 1.1% in 2026, and 1.3% in 2027 [1] Inflation Outlook - The inflation outlook for the Eurozone is more uncertain than in the past, with global trade frictions presenting both upside and downside risks [1] Risks Associated with Global Trade - Upside risks include the fragmentation of global supply chains, while downside risks involve a decline in demand for Eurozone export products [1]