Lagarde sounded a slightly more optimistic note, citing the rise of telemedicine and digital payments as positive features of a more technology-reliant world.
“There will be transformation that will be beneficial. There will be sectors of services that were not available that can be now provided from anywhere to somewhere,” Lagarde said. “It will accelerate digitalization, which is an area where Europe was a little bit lagging behind, and where clearly much progress had to be made.”
-With assistance from Christopher Condon, Craig Torres, Eileen Gbagbo, Jana Randow, Brian Swint, Zoe Schneeweiss, Jeff Black, Fergal O'Brien and Paul Gordon.
This article was provided by Bloomberg News.