Eurozone recovery supported by domestic demand – ECB’s Bulletin
By FXStreet FXStreet (Mumbai) – The European Central Bank’s (ECB) monthly bulletin released today showed the bank expects the domestic demand to be the main driver of the economic recovery in the Eurozone.
Key Points
“Low oil prices should provide support for households’ real disposable income and corporate profitability and, therefore, private consumption and investment.”
“The risks to the euro area growth outlook remain on the downside and relate in particular to the heightened uncertainties regarding developments in the global economy as well as to broader geopolitical risks.”
“The economic recovery in the euro area continues to be dampened by subdued growth prospects in emerging markets and moderate global trade.”
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Source:: FX Street
