FRANKFURT—The European Central Bank is fretting about the risk of trade wars and a stronger euro just as data suggest the eurozone’s long-awaited economic recovery is losing speed.
ECB officials warned at their March policy meeting of multiple threats to the region’s export-focused economy, including possible trade conflicts triggered by the U.S. administration, volatile financial markets and the U.K.’s withdrawal from the European Union, according to minutes of the meeting published Thursday.
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