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EZ stuck in a very low gear - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Scotiabank noted the euro zone is stuck in very low gear, with improving domestic spending in a number of countries continuing to be offset by recurring debt strains and long-standing competitiveness problems.

    Key Quotes:

    "Even the region's consistently strong performer, Germany, is beset by reduced exports to the slower-growing emerging market economies, and the fallout in industrial activity surrounding the VW emissions scandal. Settling the large number of migrants will provide a boost, albeit temporary, to government spending."
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