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3 Mar 2015
Eurozone economic situation improving - ING
FXStreet (Guatemala) - Carsten Brzeski, analyst at ING Bank explained that the economic situation has improved in the EZ.
Key Quotes:
"If anything, the macro-economic assessment should have improved. 4Q GDP data was better than expected, and the latest batch of sentiment indicators signalled that the lower energy prices and weaker euro have finally reached the Eurozone economy."
"At least in the short run, the picture for the Eurozone appears to be slightly rosier."
"This should also be reflected in the latest ECB staff projections, which will be released on Thursday."
"We expect an upward revision to the growth forecasts, at least for this year, and somewhat lower inflation projections for this year."
Key Quotes:
"If anything, the macro-economic assessment should have improved. 4Q GDP data was better than expected, and the latest batch of sentiment indicators signalled that the lower energy prices and weaker euro have finally reached the Eurozone economy."
"At least in the short run, the picture for the Eurozone appears to be slightly rosier."
"This should also be reflected in the latest ECB staff projections, which will be released on Thursday."
"We expect an upward revision to the growth forecasts, at least for this year, and somewhat lower inflation projections for this year."