China and Brexit pose risks to global growth, warns ECB

Global growth is likely to accelerate next year but the outlook is fraught with risks, particularly from big emerging market economies including China, and Britain’s decision to leave the EU, the European Central Bank (ECB) said yesterday.

Global growth will motor along but the recovery will be gradual and uneven with heightened uncertainty, even as the US, the world’s biggest economy, is expected to recover, the ECB said in a regular economic bulletin.

“A key downside risk is a stronger slowdown in emerging markets, including China,” it said.