Economics
Some ECB Officials Doubt 2019 Outlook Even After Cut
- Policy makers wondered if economy really will pick up
- Draghi push for enhanced package backed by Governing Council
The ECB headquarters stands in Frankfurt, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Some European Central Bank policy makers consider the institution’s downgraded growth forecast for 2019 is still too optimistic, according to people with knowledge of the matter.
The officials argued at Thursday’s meeting that the pickup assumed in the projections for the second half of the year might not materialize, said the people, who asked not to be identified because the discussions were private. President Mario Draghi’s remark that growth risks are still tilted to the downside reflects some of those concerns, one person said.