European Central Bank President Christine Lagarde said on Wednesday that the novel coronavirus, or 2019-nCov, outbreak in China is a new risk to the European economic outlook.
"While the threat of a trade war between the United States and China appears to have receded, the coronavirus adds a new layer of uncertainty," she said in a speech in Paris.
The coronavirus outbreak that started in the Chinese city of Wuhan has claimed more than 500 lives and has infected over 24,000 in the country itself. Several Chinese cities are under lockdown.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.