EZ in a Worrying Situation - BNP
In respect of the EZ, analysts at BNP Paribas explained that despite
concerns at the beginning of the year, the effect of financial stress on
growth should remain contained.
Key Quotes:
"In
the Eurozone, the picture is largely unchanged, without being
particularly upbeat. GDP, which grew by 1.5% in 2015, is unlikely to do
much better in 2016."
"Against this backdrop, it is hardly
surprising that inflation remains low, a worrying situation that
explains why the ECB eased its policy again in March."
"It
remains to be seen whether this will be enough or if European leaders
will find a way to further support the central bank’s action."
(Market News Provided by FXstreet)
