ECB Economic Bulletin: Uncertainty about the global outlook has increased

In its latest monthly economic bulletin published Thursday, the European Central Bank (ECB) took note of increased uncertainty over global economic outlook.

Key Headlines:

Incoming data for Q2 point to subdued global activity and trade

Risks to outlook for global activity and EMs in particular remain on downside

Uncertainty about the global outlook has increased

Eurozone markets have weathered post-Brexit uncertainty and volatility with encouraging resilience

EZ economic recovery expected to proceed at moderate pace

If warranted the ECB gov council will act by using all available instruments