The euro finally appears to be succumbing to the downward pressure implied by the divergentprospects for monetary policy in the US and euro-zone. But bigger declines are likely to be needed tokick-start the region’s recovery and fully eliminate the danger of deflation.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services