Bundesbank's Weidmann says the global recovery is strengthening

Author: Ryan Littlestone | Category: Central Banks

Buba and ECB's Weidmann in the wires

  • Protectionism is a risk to long-term growth prospects
  • Policy that limits trade would cause significant damage worldwide

His compatriot Schaeuble is out too;

  • Biggest risks are geopolitical risks
  • World economy is in a rather positive development
  • Greater emphasis should be on structural reforms instead of fiscal and monetary measures

I believe they are both in Washington at the World Bank shindig that's been ongoing this week.