France’s Le Mar Feeling Pessimistic About the Eurozone
Yesterday we heard comments from certain members of the European Central Bank (ECB), as well as president Lagarde and the ECB monthly bulletin. There were some positive and some negative comments, while the Euro continued to remain bearish. Today’ France’s Le Mar is making some pessimistic comments about the Eurozone economy and I have to say that I agree with him.
Comments by French finance minister, Bruno Le Maire
- Euro area growth outlook worse than a few months ago
- Need to look at all options to boost euro area growth
Hey, didn’t he get the message from other lawmakers and ECB policymakers yesterday that the weaker outlook is over, which we all know it isn’t? I reckon he’s a bit worried by the fact that the hard data hasn’t quite supported survey/indicative data towards the end of last year.
The French economy even surprisingly contracted in Q4 2019, as we saw earlier and with coronavirus concerns hanging over the world’s head to start the new year, it is likely to add more downwards pressure on the European economy in the coming months.
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