Risks to eurozone growth are rising, warns Draghi
Uncertainty over trade and political instability are affecting confidence, ECB president says
European Central Bank president Mario Draghi warned this week that the balance of risks to eurozone growth has “moved to the downside”.
Draghi announced that the ECB’s governing council would be holding the bank’s monetary policy instruments unchanged, as had been widely expected. But his statement was one of the more pessimistic of those he has given in recent years. He warned that the ECB feared growth was being threatened by uncertainty over protectionism and political instability.
The ECB
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