Draghi's speech at the Jackson Hole

Ross J Burland FXStreet

European Central Bank President Draghi is speaking at the Federal Reserve Bank of Kansas City’s Economic Symposium at Jackson Hole and the euro has popped higher on the day following comments around the global and European recovery:

ECB's Draghi says the global recovery is firming up.
ECB's Draghi says without stronger potential growth, the cyclical recovery we are now seeing globally will ultimately converge downwards to those slower growth rates
ECB's Draghi says to inject more dynamism into the global economy we need to raise potential output growth
ECB's Draghi says openness to trade is under threat
ECB's Draghi says multilateral cooperation is crucial in responding to concerns about fairness
ECB's Draghi says a turn towards protectionism would pose a serious risk for continued productivity growth and potential growth in the global economy

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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