Eurozone situation has improved, but difficult – ECB’s Praet

FXStreet (Mumbai) – The European Central Bank’s (ECB) chief economist, while speaking to La Libre Belgique, said the economic outlook has improved, but remains difficult.

Key Quotes

“The economic outlook has improved, in an environment where interest rates are low and oil prices have fallen sharply”

“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.”

“Enormous fiscal efforts have been made, although debt levels are still too high.”

The European Central Bank’s (ECB) chief economist, while speaking to La Libre Belgique, said the economic outlook has improved, but remains difficult.

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