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
The global economy headed into the final stretch of 2018 in weakened shape, handing investors renewed reason to question how muchcentral banks will be able to tighten monetary policy next year.
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 ...
