ECB's Weidmann: lower growth rates in world economy are normalisation

The European Central Bank member and Bundesbank chief Jens Weidmann, while speaking in Bali, has reportedly said that the slowdown in the global economy represents normalization and is not the consequence of the trade conflict. 

Key points

  • Correction in US markets is not a sign of insecure markets.

Key quotes (Germany's Finance Minister Scholz)

  • Big creditors to emerging countries should join the Paris club.  
  • Italian politicians have said that they'll respect European rules, one should take that at face value. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.