ECB president Mario Draghi said the euro zone economy would now expand by only 1.1 per cent this year, a drop of 0.6 percentage points from the forecast given out just three months ago.
A package of assistance from new loans for banks to a longer pledge on record-low rates is intended to expand the institution’s existing stimulus, he said.
“The persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in...
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