ECB’s Lagarde Warns of Rocky Recovery After Economy Turns Corner

European Central Bank President Christine Lagarde renewed her warning of a difficult road ahead even as an economic recovery following months of coronavirus shutdowns starts to take hold.

“The worst is behind us and the hardest is yet to come,” Lagarde said in a video message for a United Nations event on Wednesday. The recovery is going to be “as uncertain and as uneven as the shock was decisive and across the board.”