Mario Draghi policy woes in focus

Mario Draghi’s policy challenge was highlighted once again yesterday, with the fastest economic growth in a year overshadowed by another drop in consumer prices.

The eurozone inflation rate fell to minus 0.2% in April, a worse outturn than the 0.1% decline forecast by economists in a survey.

It wasn’t all bad news for the ECB president however, with the economy expanding 0.6% in the first quarter and unemployment declining in March.