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9/12, 2:49 PM (Source: TeleTrader)
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Incoming data pointed to slowdown - Draghi

European Central Bank President Mario Draghi remarked at a press conference on Thursday that incoming data point to "positive but moderate" in the third quarter of this year, lower than expected.

Persistent global uncertainties are negatively affecting manufacturing, but services and construction sectors are showing resilience, he explained.

Risks remain tilted to the downside, the policymaker stressed, adding that projections see a further downgrade of the inflation outlook.

Breaking the News / NI