Eurozone sees “dramatic improvement” in its economic recovery

in International Business

Eurozone sees “dramatic improvement” in its economic recovery

EurozoneAddressing the final day of the World Economic Forum, Head of the European Central Bank (ECB), Mario Draghi, said Eurozone had witnessed “dramatic improvement” in its economic recovery over the past two years.

He said risks had declined considerably across the board both for core Eurozone countries and the periphery.

Meanwhile, Head of the International Monetary Fund (IMF), Chritine Lagarde, has warned that deflation remains a real risk to economic recovery in the Eurozone.

Draghi assured that policymakers were keeping a close eye on the inflation rate and admitted that there were fears of the inflation rate hitting negative figures. Currently, Eurozone inflation stands at 0.8%.

During his speech, Mr Draghi said he thought the cause of low inflation lies in the fact that the region has been emerging from a banking crisis.

He noted that the inflation rate was not much lower than the rate in the US.



Related Articles

Germany and France to Discuss Extension Allowance to Greece

German Chancellor Angela Merkel and French President Francois Hollande are set to have talks on allowing more time to Greece

World Bank job should go to Okonjo-Iweala, say ex-staff

A group of former World Bank officials has written a letter backing Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, to be its

Asian stock markets rally after ECB debt plan

Asian markets join global rally, after the European Central Bank unveiled its plans of buying a potentially unlimited amount of

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china