Draghi Says Europe Is Heading Toward a ‘Mild Recession’ as Economies Slow

European Central Bank President Mario Draghi said that Europe is heading towards a “mild recession.”

“What we are observing now is slow growth, heading towards a mild recession by year end,” he said in answer to questions at a press conference in Frankfurt today.

To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net

To contact the editor responsible for this story: Fergal O’Brien at fobrien@bloomberg.net

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