Economists: The European Central Bank will have to take on the burden of boosting the economy.

Golden Ten Data on April 23, ING economist Carsten Brzeski said that after the tariff turmoil, people are pinning their hopes on the European Central Bank to work hard to boost economic activity in the euro area. He said the April PMI data showed that price pressures eased further in April, which supported the ECB's rate cut last week. "In the context of low price pressures and weakening economic activity, the ECB will cut interest rates further," he said. In fact, he noted, if the current trade conflict does not subside, the ECB will once again shoulder the burden of solving the problem in the eurozone. He warned that Germany's announced fiscal stimulus package, as well as Europe's efforts to increase defense spending, will take some time to boost economic activity significantly.