Eurozone not out of the woods yet, warns ECB's Lane

The pick-up in the vaccination campaign is paving the way for a lifting of Covid-19 restrictions in the coming months and should allow for a 'good recovery'. ECB chief economist Philip Lane said.

ECB chief economist Philip Lane warned the eurozone economy will need time to achieve a full recovery despite finally reaching a turning point in the crisis.

The pick-up in the vaccination campaign is paving the way for a lifting of Covid-19 restrictions in the coming months and should allow for a “good recovery”, Mr Lane said in an interview with Sweden’s Dagens Industri.