ECB member Yves Mersch said today that the risks of growth in the euro zone are on the rise, but the Eurozone economy will continue to expand slightly higher than expected.
While risks to growth remain broadly balanced, those risks linked to global factors, including the threat of increased protectionism, the finalization of Brexit negotiations and emerging market vulnerabilities are gaining prominence, Mersch said.
Mersch also said in comments broadly consistent with recent ECB monetary policy statements that he expects expansion to continue at a slightly higher pace than expected in the coming period, while inflation is expected to continue rising.
