9/12, 3:24 PM (Source: TeleTrader)
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Draghi says chances of recession small but rising

European Central Bank President Mario Draghi said on Thursday that the probability of a recession in the Eurozone is still "small," but has gon up recently.

Data from Germany indicates that a recession has either started or is imminent, the policymaker added, and it calls for an appropriate fiscal policy response.

"In view of the weakening economic outlook and the continued prominence of downside risks, governments with fiscal space should act in an effective and timely manner," Draghi said.

Breaking the News / NI