Euro zone not heading for recession: ECB's Draghi

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 - Copyright VINCENT KESSLER(Reuters)

By Reuters

Published on 15/01/2019 - 19:04•Updated 26/04/2024 - 02:28

Comments

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.