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Draghi Sees Economic Risks Worsening Even as QE Era Concludes

  • Bond-buying program ends this month despite economic slowdown
  • ECB president said risks to growth were moving to the downside
Bloomberg business news
Draghi says the balance of risks facing the euro-area economy is moving to the downside.Source: Bloomberg
Updated on

Mario Draghi said risks to the euro-area economy are worsening even as he called time on the European Central Bank’s flagship deflation-fighting tool.

The ECB president told reporters in Frankfurt that while risks are still “broadly balanced,” they are now “moving to the downside” because of a range of concerns over geopolitics, trade protectionism and market volatility. The significant change in language pushed the euro lower and was reflected in updated economic projections that lowered the immediate outlook for inflation and growth.