Draghi Signals ‘Worse and Worse’ Outlook Warrants ECB Stimulus

President Mario Draghi set the stage for his European Central Bank to deliver another round of monetary stimulus as soon as September to combat the euro area’s severe economic slowdown.

While there are still signs of strength in the economy,“this outlook is getting worse and worse,” Draghi said in Frankfurt on Thursday after a meeting of the ECB’s Governing Council. “It’s getting worse and worse in manufacturing, especially, and it’s getting worse and worse in those countries where manufacturing is very important.”