I think this article is propaganda for the eurocrats who want to praise themselves for what in their eyes looks like a good job. Another way of telling the crowds: "look at how good we are." Their article would be all the truer is they had used "Germany" instead of "Europe" because same as before, nothing good is coming out of Southern Europe (including France) and growth projections I saw in the past fortnight were below previous forecasts. That'll drive the Euro higher in preparation for a freefall!!!
September 2018 ECB staff macroeconomic projections for the euro area
Following strong growth in 2017, the economic expansion in the euro area slowed in the first half of 2018, largely on the back of a weakening in global trade. Although global uncertainties have softened the near-term outlook, the euro area expansion is projected to continue at a pace slightly above potential, reflecting the favourable impact of the very accommodative stance of monetary policy, improving labour market conditions and stronger balance sheets. A slight moderation in real GDP growth, from 2.0% in 2018 to 1.7% in 2020, is mainly explained by a gradual weakening of the stimulus from world trade and growing labour supply shortages. ... (full story)
- Posted: Sep 13, 2018 9:32am
- Submitted by:Category: Medium Impact Breaking NewsComments: 1 / Views: 925