While the production figures cover the end of 2018 — and can be erratic — there’s reason to be concerned about the outlook, with multiple economic, political and financial risks. Late on Thursday, European Central Bank Governing Council member Francois Villeroy de Galhau said policy makers must take it slow in the current environment, and cited threats including Brexit, the maturing of the U.S. cycle, and “numerous uncertainties’’ in China.



Italy Keeps Europe on a Downer Amid Recession Scare for Germany

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