«And secondly,
the euro area economy proved resilient to political (and other) shocks in the last couple of years and should remain so,» the bank added.
«Incoming information... confirms the strong and broad - based growth momentum in
the euro area economy, which is projected to expand in the near - term at a somewhat faster pace than previously expected.»
These aim to signal our growing confidence in
the euro area economy, while also acknowledging that we must be patient and persistent for inflation to return sustainably to our objective,» Draghi said at a conference in Frankfurt.
The euro area economy appears to have all but stalled after showing some tentative signs of recovery earlier last year.
Not exact matches
Southern European countries have surprised in recent years with growth rates above the
euro area average, but the sun might stop shining in these
economies soon, UBS analysts warned in a note Monday.
The
economy has registered one of the strongest performances in the
euro area in the last few years — after the troubles seen during the sovereign debt crisis.
LONDON, April 30 - Government bond yields in the
euro area nudged higher on Monday as focus turned to preliminary inflation data from Germany and Italy, two of the bloc's biggest
economies.
All of this is good for the
economies of the
euro -
area countries.
Then there is the
euro area debt crisis, slower growth in the
economy, lawsuits over foreclosure practices, and impending adjustments to capital - reserve requirements.
But the cruel irony is that any improvement in demand and output conditions in these three countries will partly leak out and benefit the
euro area countries with large trade surpluses because their
economies are running on exports rather than domestic demand.
The
euro area will remain a serious problem for the world
economy as far as the eye can see.
That is obviously an unreasonable and politically disruptive fiscal policy in a situation where the weakening banking system can not provide an effective transmission of the ECB's attempt to restart the
euro area's moribund
economy.
It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling trade imbalances in especially depressed segments of the world
economy - the
euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose trade surpluses range from 2 percent to nearly 9 percent of gross domestic product (GDP).
The unemployment rate for the
euro area remains at 10.7 %, with unemployment in Spain, the union's fifth - largest
economy, over 21 %.
Figure 1 shows estimates of the inflation - adjusted natural rate for four major
economies: the United States, Canada, the
euro area, and the United Kingdom (Holston, Laubach, and Williams 2016).
The Canadian
economy benefitted from a recovery in the US and the emergence of China as a major global
economy There is a lot at stake and Canada will not be immune to the consequences if policy makers in the
EURO area and the U.S. fail to take decisive action.
According to the Mr. Oliver, and presumably the PM, all governments in advanced
economies (e.g., G7 countries, G20 countries, and the
EURO area) are unethical, because they all run deficits and have no interest in eliminating them.
Latvia's Road to Serfdom By Prof. Michael Hudson and and Prof. Jeff Sommers While most of the world's press focuses on Greece (and also Spain, Ireland and Portugal) as the most troubled
euro -
areas, the much more severe, more devastating and downright deadly crisis in the post-Soviet
economies scheduled to join the Eurozone somehow has escaped widespread notice.
Forecasts for the global
economy in 2012 have been marked lower, mainly due to the effects of the problems in the
euro area.
«Data in the
euro area, and even Japan, matter as much as economic strength in the US
economy if the Fed is to be successful in removing monetary accommodation for next year or two.»
It is no coincidence that the two main
areas which are experiencing negative interest rates, sub-par growth and near - deflation — i.e. Japan and the Eurozone (plus the three
euro - linked
economies of Sweden, Denmark and Switzerland)-- are also the
economies where the major central banks have implemented flawed versions of QE.
European Central Bank officials intend to spend the six weeks before their next policy meeting assessing why the
euro -
area economy has slowed and...
Overall, the
euro -
area economy has been experiencing a broad recovery and transitioning to a multi-year growth cycle.
David Cameron himself also called for EMU to be deepened like this, which is also in the interest of the British
economy, given 40 per cent of the UK's exports target the
euro area.
More than 80 percent see the
Euro -
area economy strengthening this year, boosted by export growth tied to a 25 % plunge in the
euro amid fresh quantitative easing by the European Central Bank.