High-frequency confidence indicators confirm that shift to a slower, albeit still-dynamic, pace of growth. In the eurozone, the political risks which most market participants thought had faded have, to some extent, come back after this year’s Italian election. In the United Kingdom, the elevated uncertainties around the Brexit process seem to be weighing on corporate investment decisions.
Mario Draghi: ECB press conference - introductory statement Introductory statement by Mr Mario Draghi, President of the European Central Bank, and Mr Vítor Constâncio, Vice-President of the European Central Bank, Frankfurt am Main, 25 January 2018. * * * Ladies and gentlemen, first of all let me wish you a Happy New Year.