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ECB's Praet says Eurozone situation has improved but still difficult

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 21, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    ECB chief economist speaking to La Libre Belgique Report courtesy of our friends at Livesquawk "The economic outlook has improved, in an environment where interest rates are low and oil prices have fallen sharply. The positive effects of the structural reforms in a number of countries, such as Spain and Ireland, should also be underscored. These factors have had positive effects on the labour market and on the economic recovery. Fiscal policies will be more neutral too, even slightly expansionary. In fact, they will contribute 0.1% to GDP growth in the euro area in 2016 and 2017.

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