a possible Brexit represents a risk to the eurozone growth. Repeatedly says the European Central Bank in its monthly bulletin, that “the downside risks still relate to the performance of the world economy, other geopolitical risks and the forthcoming referendum on the UK’s permanence in the European Union.” Issue that limits, according to the institute in Frankfurt, also the same English growth. The latest estimates of the ECB give a 1.6% growth in 2016 and 1.7% in 2017 and 2018. The financial markets have become “more stable” according Frankfurt and the climate of confidence “improved” in the second quarter, but “uncertainties” such as the possibility of a Brexit “continue to cloud the horizon”.
as for the euro zone ‘the latest data suggest that growth It continued in the second quarter, although perhaps at a lower rate “than in the first quarter and” in perspective, it is expected that the economic recovery will continue at a moderate but steady pace. ” The economic expansion in the euro area has been strengthened in the first quarter of this year and the level of real GDP has now exceeded the maximum value reached in 2008. The component of private consumption, which has shown some resilience in the first quarter, according to Frankfurt “remains the main determinant of the recovery in place.” Obviously the quantitative easing of the ECB is helping the economy and a “further stimulus” would come from the measures still to be implemented. However, the Governing Council “will closely monitor the evolution of the outlook for price stability and, where necessary to achieve its objective, will act using all the tools available within its mandate.”
Magazines upwards its GDP estimates ‘macroeconomic projections for the euro area in June 2016 Eurosystem staff show an annual increase in GDP in terms real 1.6% in 2016 and 1.7% in 2017 and 2018 “. According to the monthly newsletter “compared to March 2016 led to the ECB experts, the prospects for growth of GDP in real terms have been revised upward for 2016 and remained broadly unchanged for 2017 and 2018″. In March, the experts of the ECB predicted a GDP growth to + 1.4% in 2016 to + 1.7% in 2017 and + 1.8% in 2018.
June 16, 2016 (edited June 16, 2016 | 12:14)
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