Global Economy Slows, Pushing Europe’s Central Bank to Make a Surprise Move
The New York Times | Thu, Mar 7, 2019
by Jack Ewing
Body
FRANKFURT — Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.
The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.
To continue reading at
The New York Times
, click here.