ECB: shooting there ‘, and’ gradual and should expand – AGI – Agenzia Journalistic Italy

Economy

10:23 June 18, 2015

(AGI) – Rome, June 18 – The recovery of the attivita ‘economic there’, and and ‘gradual but because of factors such as monetary policy, fiscal consolidation and the implementation of reforms, “in perspective should expand further.” And ‘what we read in the monthly economic bulletin the ECB. Experts Frankfurt, believe that “private consumption were the main factor supporting growth and should continue to benefit from higher salary increases due to the increase in employment and the favorable impact of the fall in energy prices” . Not only that, but this year is expected to push for a more ‘significant recovery is business investment, “supported by the strengthening of domestic and foreign demand, the need’ to modernize and rebuild the stock of capital obsolescent, from ‘ accommodative stance of monetary policy and the increase in gross operating profit “.
Experts ECB left essentially unchanged estimates of eurozone growth. The macroeconomic projections for the euro area in June predict an annual growth of GDP in real terms of 1.5 per cent in 2015 to 1.9 percent in 2016 and 2 percent in 2017. compared to carried out by experts from the ECB in March 2015, the projections for the growth rate of GDP in real terms remained virtually unchanged over the forecast horizon. The Governing Council, reads the report of the ECB, “believes that the risks to the outlook of the attivita ‘economy, while remaining on the downside, have become more’ balanced thanks to its monetary policy decisions and to oil price developments and exchange rate “.The ECB experts have revised upwards its estimates of inflation in the Eurozone which is expected to be 0.3 percent in 2015, 1.5 per cent in 2016 and 1.8 per percent in 2017. Compared with the March conducted by the experts, the projections for inflation in 2015 have been revised upwards (avevao expected 0.0%) and those for 2016 and 2017 remained unchanged. In the euro area “in the future, will require additional consolidation efforts to bring the high ratio of public debt to GDP on a sustainable downward path.” E ‘, stressing the ECB in its monthly bulletin. (AGI).

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