ECB’s Nowotny: Growth rates will be slower but stay in positive territory

The European Central Bank (ECB) Governing Council member Ewald Nowotny was out on the wires in the last hour and said that growth rates will be slower, still stay in positive territory.

He was also noted saying that we see a number of risks – like Trump and China, are against a background of very strong economic dynamics over the past 8-year.

Germany will likely have a very low growth rate in 4Q but it’s too early to say if the slowdown in structural, he further added.