BLBG: Draghi Says Europe Is Heading Toward a ‘Mild Recession’ as Economies Slow
European Central Bank President Mario Draghi said that Europe is heading towards a “mild recession.”
“What we are observing now is slow growth, heading towards a mild recession by year end,” he said in answer to questions at a press conference in Frankfurt today.
To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net
To contact the editor responsible for this story: Fergal O’Brien at fobrien@bloomberg.net
