BRUSSELS, Dec. 4 (Xinhua) -- Economic growth in the eurozone is expected to slow in the short term, with medium-term prospects remaining uncertain and dominated by downside risks, European Central Bank (ECB) President Christine Lagarde said in a parliamentary hearing on Wednesday.
Addressing the European Parliament's Committee on Economic and Monetary Affairs, Lagarde noted that after five quarters of stagnation, the eurozone experienced moderate growth in the first half of this year, driven primarily by exports and government consumption. However, domestic private demand has been weak due to heightened economic policy uncertainty and the lingering effects of past monetary policy tightening.
