Draghi: Key message from IMF meeting is that there will be significant growth slowdown

Author: Adam Button | Category: Central Banks

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.

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