Draghi’s speech:Global trade has faced headwinds in recent years

The European Central Bank (ECB) President Mario Draghi, via Reuters, delivering the opening address at the ECB conference on Central, Eastern, and South-Eastern European countries (CESEE), in Frankfurt.

Main Headlines:

Institutional quality is still below the euro area average in almost all CEE economies.

Economies need to find new ways to boost TFP growth and deepen capital accumulation in order to “grow out” of their vulnerabilities.