• ECB president Draghi: Outlook for eurozone fundamentally depends on global growth momentum

Notícias do Mercado

12 abril 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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