European Central Bank President: Economy shows resilience, consumption and investment strengthen.
European Central Bank President Lagarde stated that the economy is performing strongly, with a growth of 0.3% in the third quarter, mainly reflecting stronger consumption and investment. She said at a press conference on Thursday, "The growth driven by the service sector may continue in the short term." She also mentioned that domestic demand will become the main driving force of growth in the coming years, while the challenging trade environment will weigh on growth.
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