Draghi to Set Out Euro Area's Economic Projections
When European Central Bank President Mario Draghi lays out fresh growth and inflation projections for the euro area on Thursday, they are likely to be little changed from three months ago. The story they will tell is different though. The U.K.’s decision to quit the European Union adds to the region’s political and banking crises, a drag that’ll probably be offset by a more optimistic assessment of the impact of non-standard stimulus measures. Julius Baer Group Chief Economist David Kohl discusses with Bloomberg's Caroline Hyde in Frankfurt.