Draghi’s speech: Global trade has faced headwinds in recent years


The European Central Bank (ECB) President Mario Draghi, via Reuters, delivered the opening address at the ECB conference on Central, Eastern, and South-Eastern European countries (CESEE), in Frankfurt.

Main Headlines:

Global trade has faced headwinds in recent years.

Institutional quality is still below the euro area average in almost all CEE economies.

Economies need to find new ways to boost TFP growth and deepen capital accumulation in order to “grow out” of their vulnerabilities.

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