Eurozone’s economy is expected to grow 0.3% in first and second quarter of 2015

Market news

12 January 2015

Eurozone’s economy is expected to grow 0.3% in first and second quarter of 2015

Statistical offices in France and Italy and Germany's Ifo Institute released its growth forecast on Monday. The gross domestic product (GDP) is expected to grow 0.3% in first and second quarter of 2015, driven by domestic.

Inflation in the Eurozone is expected to be near zero in the first quarter 2015 and +0.2% in the second 2015.

The report said that upside risks are a further depreciation of the euro and a greater fall in oil prices. Downside risks are the outcome of the parliamentary elections in Greece, according to the report.

European Central Bank’s (ECB) governing council member Jozef Makuch: the central bank is ready to implement quantitative easing if needed

The European Central Bank purchased 48 million euros of asset-backed securities and 1.659 billion euros of covered-bond purchases last week.

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