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- European Central Bank President Mario Dragh: the economy in the Eurozone expanded moderately
European Central Bank President Mario Dragh: the economy in the Eurozone expanded moderately
The European Central Bank (ECB) President Mario Draghi said in a speech on Monday that the economy in the Eurozone expanded moderately, supported by the central bank's quantitative easing and low oil prices. He added that investment remained weak.
Draghi repeated that the ECB will review its stimulus measures at it monetary policy meeting in March. It downward risks to price stability increase, the central bank will be ready to act, Draghi noted.
The ECB president pointed out that fiscal and structural policies should support the recovery in the Eurozone.
"It is becoming clearer and clearer that fiscal policies should support the economic recovery through public investment and lower taxation. In addition, the ongoing cyclical recovery should be supported by effective structural policies," he said.
Draghi noted that the slowdown in emerging economies is a risk to the global economy.
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