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9 Sep 2015
Growth will slow after Q1 2017 – ECB’s Praet
FXStreet (Mumbai) - The European Central Bank (ECB) member Praet, while commenting on the ECB forecasts, said growth will slow after Q1 2017.
Key Quotes
Slowing growth due to waning FX rate and oil impact
Reforms can still improve the short term outlook
Meanwhile, MNI reports say the quarterly ECB numbers are likely to show GDP at 0.5% q/q from Q1 2016 through to Q1 2017, then dropping to 0.4% for the rest of 2017.
Key Quotes
Slowing growth due to waning FX rate and oil impact
Reforms can still improve the short term outlook
Meanwhile, MNI reports say the quarterly ECB numbers are likely to show GDP at 0.5% q/q from Q1 2016 through to Q1 2017, then dropping to 0.4% for the rest of 2017.