European Central Bank President Lagarde stated at a parliamentary hearing on Wednesday that economic growth in the euro area in the coming months may slow down, but the pace of recovery will still accelerate. "Based on survey data, economic growth is expected to weaken in the short term against the background of slowing growth in the service sector and ongoing contraction in manufacturing. In the future, the economic recovery in the euro area is expected to start gaining momentum. With an increase in real income, consumer spending is expected to rebound, and investments are expected to recover."