Global risks still battering euro-area economy: Draghi

Frankfurt

EUROPEAN Central Bank president Mario Draghi warned that the euro-area economy faces agglomerating risks including Brexit and the danger that trade protectionism could hurt confidence.

"The risks surrounding the euro area growth outlook remain tilted to the downside, on account of the persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets," said Mr Draghi in Frankfurt.