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  • The president of the European Central Bank (ECB) Christine Lagarde said Thursday that the novel coronavirus pandemic would lead to a "considerable decline" in economic activity in the euro area. In an op-ed published in several European newspapers, Lagarde said that as governments imposed containment measures to slow contagion, "a large part of the economy is being switched off... as a result, economic activity across the euro area will decline considerably." kih/spm
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  • ECB sees 'considerable decline' in euro area activity
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