ECB's Draghi flags risks to economy | Reuters

FRANKFURT The European Central Bank will contribute its share to helping the economic recovery, its president said on Monday, warning, however, of threats to the economy including from emerging markets.

"Growth prospects are slowly improving in advanced economies, but the outlook in emerging markets is more subdued. Overall, growth is low by historical standards," Mario Draghi told lawmakers in the European Parliament.

"The ECB is willing to contribute its share to ensuring that the recovery remains firmly on track," he said, before listing risks that could undermine the economy.

He said these risks were the global economic environment, the financial system's situation, economic policies of euro zone member states and political uncertainty surrounding the "European project".

(Reporting By John O'Donnell; editing by Maria Sheahan)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Feb 02, 2016 00:00 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See