Uncertainty undermines confidence in global economy - ECB's Praet

Peter Praet, executive board member of the European Central Bank (ECB) delivers his speech at the conference "The ECB and its watchers" in Frankfurt, Germany, March 27, 2019. REUTERS/Kai Pfaffenbach - Copyright KAI PFAFFENBACH(Reuters)

By Reuters

Published on 15/05/2019 - 20:34•Updated 19/04/2024 - 07:54

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BRUSSELS (Reuters) - Persistent uncertainty is undermining confidence and creating major risks to the global economy, the European Central Bank's chief economist said on Wednesday.

Peter Praet, whose mandate runs out at the end of the month, cited Brexit and trade tensions as two sources of uncertainty.