Draghi Must Judge If GDP Slowdown Is a Blip or a Problem: Chart

Euro-area data published Friday indicate that the region’s moderate recovery was fragile even before Britons voted to leave the European Union. European Central Bank President Mario Draghi said last week that visibility on the economic consequences of Brexit is low, though he remains ready to act in the months ahead should the planned split from the bloc hurt growth or delay the return of inflation to the institution’s goal. The Governing Council holds its next policy meeting on Sept. 8.

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