This is due in part to external demand, which has remained weak and below expectations, owing to slow growth in economic activity in the United States and persistent economic weakness in Japan, which have spilled over to other regions of the world.
Mario Draghi: Introductory remarks at the EP’s Economic and Monetary Affairs Committee Speech by Mr Mario Draghi, President of the European Central Bank, before the European Parliament’s Economic and Monetary Affairs Committee, Brussels, 22 September 2014.