Economics
Europe's Economic Frailties on Display After Draghi's Downer
- GDP from France, Italy, Spain, euro area due to be published
- ECB President has acknowledged the deteriorating backdrop
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Europe’s economy is giving the optimists little to work with, and this week’s deluge of numbers won’t shift the needle in their favor.
A recession in Italy, a manufacturing slump in Germany and a further decline in confidence in the outlook for the euro area is what awaits in the data coming up. That will keep the mood sour after a week when European Central Bank President Mario Draghi said the risks have “moved to the downside.”