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
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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)