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Brexit vote, emerging markets are top euro zone growth risks, says ECB

ECB said it expects domestic investment to rise further and consumer spending to be sustained

Reuters  |  Frankfurt 

Euro zone growth will continue to recovery slowly but risks are tilted to the downside due to uncertainty over Britain's referendum on European Union membership and to sluggish emerging markets, the European Central Bank said on Thursday. Presenting an outlook that is consistent with its June 2 policy statement, the ECB said it expects domestic investment to rise further and consumer spending to be sustained at a relatively strong level, with major risks coming from outside the 19-member currency bloc.

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First Published: Thu, June 16 2016. 13:42 IST
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