Hello Friends,
Today I will talk about ECB President Mario Draghi speech in Frankfurt about euro zone economic growth outlook.
Important points to note are.
1. Euro zone GDP growth ig very good.
2. Risks to growth are dissipated as compared to pre crisis periods.
3. Global economies are also growing at good rate.
4. Labor market is growing at good rate despite more addition of workforce
Just one concern he highlighted that inflation is still subdued and well below ECB's target of 2 percent and ECB's mandate is about to maintain and control price rise. So to increase demand and support growth rate they have continued the quantitative easing.
Today I will talk about ECB President Mario Draghi speech in Frankfurt about euro zone economic growth outlook.
Important points to note are.
1. Euro zone GDP growth ig very good.
2. Risks to growth are dissipated as compared to pre crisis periods.
3. Global economies are also growing at good rate.
4. Labor market is growing at good rate despite more addition of workforce
Just one concern he highlighted that inflation is still subdued and well below ECB's target of 2 percent and ECB's mandate is about to maintain and control price rise. So to increase demand and support growth rate they have continued the quantitative easing.
