- ECB president Draghi: Outlook for eurozone fundamentally depends on global growth momentum
Market news
12 April 2019
ECB president Draghi: Outlook for eurozone fundamentally depends on global growth momentum
- The persistence of uncertainties, related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets, is leaving marks on economic sentiment
- Although business investment has lost some momentum, economic fundamentals remain supportive
- Underlying inflation is expected to increase over the medium term
- Ample degree of monetary accommodation remains necessary to safeguard favourable financing conditions and support the economic expansion
- Risk-taking in parts of the financial and real estate markets contributed to mild signs of overstretched valuations in some areas
- Escalation of trade tensions, the downturn in global manufacturing and a turn in the tech cycle have increased the euro area’s external headwinds
- Preserving openness is crucial if the global economy is to thrive and secure its growth potential
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