ECB's Villeroy: Euro area suffered the most from external uncertainty this year
Comments by ECB governing council member, Francois Villeroy de Galhau
- Brexit uncertainty likely to last for at least some quarters in the future
He's not exactly wrong as they have been sandwiched by the continued uncertainty from Brexit and also by the slowing Chinese economy this year. There are some green shoots as we navigate through Q4 but a significant recovery is still a distance away.