Euro zone recovery later this year still plausible: Draghi

April 13, 2019

WASHINGTON (Reuters) – Many of the global factors weighing on euro zone growth appear to be waning, keeping alive expectations for a recovery in the second half of the year, European Central Bank President Mario Draghi said on Saturday.

But he also warned that factors that undermine confidence, including the risk of a hard Brexit and a global trade war, continue to “loom large,” putting growth at risk.

Battling an unexpectedly long and deep slowdown, the ECB kept interest rates unchanged earlier this week, promising ultra-easy policy at least through this year and keeping open the door to even more stimulus.

(Reporting by Balazs Koranyi; Editing by Paul Simao)

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