No light at the end of the tunnel for the Eurozone economy

Eurozone Economic Growth to Touch 1.1% in 2020: Bundesbank Official

Posted Monday, January 13, 2020 by
Arslan Butt • 1 min read

According to an official from Germany’s central bank Bundesbank, Eurozone is expected to see its economy grow by 1.1% in 2020. Economic growth in the Eurozone is expected to receive some support via fiscal easing measures in the region.

These comments were made by Burkhard Balz, a member of Bundesbank’s executive board, at a financial forum in Hong Kong earlier today. Balz also estimates inflation to weaken slightly from 1.2% in 2019 to 1.1% this year on the back of a decline in energy prices. However, he expects inflation to rise to 1.6% in 2022, supported by an overall improvement in economic activity.

The Eurozone has seen weak economic growth through 2019 as a result of global trade tensions, Brexit uncertainties and an overall decline in global economic growth. In the coming months, markets are optimistic that conditions could improve once the US-China phase one trade deal gets signed and Brexit negotiations progress well.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Risk assets tumbled lower this week, as bank problems escalate, although there was a slight improvement toward the end of the week
1 day ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments