China reopening will add to global inflationary pressures, ECB's Lagarde says By Reuters

Stock market today: Dow ends March higher on easing inflation, tech rally

China reopening will add to global inflationary pressures, ECB's Lagarde says

Economy Jan 20, 2023 05:54AM ET

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China reopening will add to global inflationary pressures, ECB's Lagarde says

© Reuters. President of the European Central Bank Christine Lagarde takes part at the panel discussion at the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File Photo

DAVOS (Reuters) - China's reopening after debilitating pandemic restrictions is likely to add to global inflationary pressures as the world's second-largest economy ramps up commodity consumption, European Central Bank (ECB) President Christine Lagarde said on Friday.

"There will be constraints, there will be more inflationary pressure coming out of that added demand in commodities and energy in particular," Lagarde told a World Economic Forum panel.

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