Comments from Draghi:
- Key message of IMF meeting is that there will be a significant growth slowdown this year
- Global recovery in 2020 is subject to considerable risk
- Sees signs of stress in the banking sector in aggregate
- Some of the idiosyncratic factors weighing on growth are waning
- Confidence undermining factors are still looming large
- Inflation expectations have been declining
The tone in markets has been much more optimistic lately but the ECB has been growing more pessimistic.
