ECB Economic Bulletin: Downside risks to the global economy have intensified

Here are some of the key highlights from the European Central Bank (ECB's) latest economic bulletin, released this Thursday.

   •  The Euro-area economy is proceeding along a solid and broad-based growth path, still at a somewhat slower pace than that in 2017.
   •  Downside risks to the global economy have intensified, the threat of protectionism remains prominent.
   •  If all threatened tariff measures are implemented, the average US tariff rate would rise to highest in 50 years.
   •  Risk of heightened market volatility needs monitoring.