European Central Bank President Christine Lagarde warned that the economy is likely to remain fragile in the near term, with uncertainty and downside risks clouding the outlook beyond that.

The outlook for the eurozone economy is increasingly uncertain amid growing threats to international trade, while inflation will ease next year after a brief rise, Christine Lagarde said.

Euro zone economic growth could be weaker in the months ahead but the recovery should still pick up some pace further out, European Central Bank President Christine Lagarde said in a parliamentary hearing on Wednesday.