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Draghi Says Europe Is Heading Toward ‘Mild Recession’

European Central Bank President Mario Draghi. Photographer: Antoine Antoniol/Bloomberg
European Central Bank President Mario Draghi. Photographer: Antoine Antoniol/Bloomberg

Nov. 3 (Bloomberg) -- 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.

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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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