Weakening world economy raises questions for central banks

ECB President Mario Draghi acknowledged the 'prominent' risks and the euro area slowdown at a European Parliament hearing on Monday, but told MEPs some of the issues were temporary and the bank is on track to cap quantitative easing

27th November, 2018
European Central Bank chief Mario Draghi speaking to MEPs. Pic: Getty

Fresh data from the world’s third and fourth-largest economies on Monday added to the concern. A manufacturing gauge in Japan dropped to the lowest level since early 2016, and business confidence in Germany fell for a third month.

The slowdown against the backdrop of volatile markets and a burgeoning trade war has implications for monetary policy worldwide. The European Central Bank has a crucial meeting in December where it is due to confirm the...

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