France Italy: Ecb and Story Draghi

france italy: While the ECB refrained from changing policy in July and even went as far as to indicate it saw a low risk of a recession for the eurozone, the economic data over the past months tell a far different story, according to Global Times China. Draghi himself even warned that the economic outlook was getting worse and worse. And the downbeat narrative provided by ECB policymakers, along with the terrible data out of the eurozone in recent weeks inspired investor expectations that the ECB would begin yet another round of monetary easing. Considering the importance Europe holds to the global economy, where three of its nations Germany, France and Italy are in the world's 10 largest economies, more attention to the state of European economic affairs is required. With all this coming together at a time where senior political influencers are making regular comments on central bank policies, not enough attention is paid to the dismal run of economic data that Europe is displaying. Investor attention is focused on challenges away from macro data - the unpredictability of the Donald Trump administration, how unprepared the UK is for Brexit with less than 100 days to go, global trade relations, geopolitics and the risk of another period of isolation for Iran. (news.financializer.com). As reported in the news.