ECB's Lagarde: Economy resilient, service-led growth expected to continue
- Domestic demand the main growth engine in the years ahead
- Savings rate should come down
- Gov't expenditure on defense should underpin investment
- Global environment likely to remain a drag
- Underlying investment remains consistent with 2% medium-term target
- Trade tensions have eased but volatile environment a risk
The euro is higher since the ECB decision but it's mostly due to a falling US dollar after CPI data.
