Eurozone faces growing risks, Draghi warns, as economic slowdown takes hold



Tim Wallace | The Telegraph

The eurozone economy is slowing sharply and faces a series of major risks from global protectionism, threats to the post-war world order, Brexit, weak emerging markets and financial market volatility, Mario Draghi has warned.

This slowdown may be short-lived and the European Central Bank president said he hoped the economy would bounce back in the near future.

But he warned “the risks surrounding the euro area growth outlook have moved to the downside on account of persistent uncertainties”.

Mr Draghi said “weaker growth momentum” and said “an increase in general uncertainty” was to blame.

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