Euro zone not heading for recession: ECB’s Draghi

ECB President Draghi delivers a speech during a ceremony to mark the 20th anniversary of the launch of the Euro, at the European Parliament in Strasbourg
European Central Bank (ECB) President Mario Draghi delivers a speech during a ceremony to mark the 20th anniversary of the launch of the Euro, at the European Parliament in Strasbourg, France, January 15, 2019. REUTERS/Vincent Kessler

January 15, 2019

FRANKFURT (Reuters) – The euro zone’s economy is not heading for a recession but its slowdown could last longer than expected, the head of the European Central Bank, Mario Draghi, said on Tuesday.

“It’s a slowdown, which is not heading towards a recession but it could be longer than expected before,” Draghi told the European Parliament in Strasbourg.

(Reporting By Francesco Canepa; Editing by Gareth Jones)

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