Protectionism main source of uncertainty for global economy – Draghi

ECB press conference
Photo by Giulia Carbonaro © European Central Bank

Protectionism is the main source of uncertainty for the global economy, Mario Draghi, president of the European Central Bank, said today (September 13), after the ECB’s monetary policy meeting.

Against a backdrop of heightened volatility in emerging economies and financial markets, the ECB singled out the negative knock-on effects US trade policies may have internationally.

Draghi stressed three factors that, in his view, make trade disputes a source of instability: an escalation in tariffs; l

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