Eurozone: Recovery getting stronger and broader - BNPP

Sandeep Kanihama FXStreet Contributor

Analysts at BNP Paribas, explain that the Eurozone recovery is getting stronger and broader as the dispersion of economic performances among member states is receding.

Key Quotes

“Despite the cyclical recovery, core inflation still shows no sign of a convincing upward trend. For the recovery to enter its inflationary phase the economy has to improve further, until the point at which wages will tend to increase. The level of slack remains uncertain though. Broader measures of labor underutilization reach 18%, double the level of the current unemployment rate. The ECB is expected to remain cautious.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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