ECB's Draghi: EM Slowdown To Hit Eurozone Growth

By Sara SjolinMarketWatch Pulse

The eurozone economic recovery is expected to continue in the months ahead, but may be hit by sluggish growth in emerging markets, European Central Bank President Mario Draghi said at a news conference on Thursday. "The ongoing slowdown in emerging market economies continues to weigh on the global outlook and economic growth in the euro area is likely to continue to be dampened by the necessary balance sheet adjustments in a number of sectors and the sluggish pace of implementation of structural reforms," he said. He cautioned, however, that the the adverse effect on growth has generally been contained by the central bank's monetary-easing program, as well as low oil prices and a weak euro .

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below