At this week’s ECB press conference, President Mario Draghi highlighted the continued improvement in the euro-zone’s economic performance. He reiterated that the region looks set for a period of solid, broad-based growth. We agree. In fact, our forecasts are even stronger than the ECB’s.
Our above-consensus forecasts for euro-zone GDP growth are largely predicated on our more positive view on investment. Businesses are at their most confident for many years and surveys suggest that this will translate into stronger investment, which is still well below pre-crisis levels. Moreover, ECB policy looks set to keep borrowing rates very low for a long time to come
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