Tuesday October 20, 2020

Draghi sounds euro zone economic alarm

After holding off in December from fully downgrading his assessment, the ECB president finally caved in by saying the risks to growth 'have moved to the downside'

25th January, 2019
Uncertainty hitting economies, says Draghi. Pic: Getty

After holding off in December from fully downgrading his assessment, the ECB president finally caved in by saying the risks to growth “have moved to the downside”. That’s a significant change from six weeks ago, when he described the risks as “broadly balanced” and capped monetary support.

The euro briefly dropped to its lowest level of the year before recovering after Draghi signalled that there was no case yet...

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