US highest duties will not derail its economy Eurozonewhich is on the brink of recovery, the President of the European Central Bank said, Christine Lagarde According to Bloomberg agency.

“As soon as there is certainty and will not be disputed and will not renegotiate a hundred times, I believe that businesses will face it,” Lagarde said in an interview Monday on Fox Business. The highest duties will only have a “small effect” on GDP, he added.

Although the economy “does not flourish”, it “returns gradually”, said Lagarde of Jackson Hall, Wyoming, where she participated in the annual US Federal Bank Symposium. “Growth is relatively moderate, but durable and is on the rise, with fundamental sizes, such as consumption and investment, to have a positive picture right now.”

Lagarde has argued that the EU -US trade agreement could have been much worse for the EU.

The ECB has kept interest rates unchanged in July and seems more and more likely to do so next month.

In terms of inflation, Lagarde stressed that the latest measurements and medium -term expectations are 2%. “There will be more turmoil, we know it, but we are in a good position,” he said. The ECB only expects a “very little inflation” from the trade agreement, Lagarde said.