European Central Bank Executive Board member Peter Praet: the economic recovery in the Eurozone is driven by domestic demand

Market news

25 April 2016

European Central Bank Executive Board member Peter Praet: the economic recovery in the Eurozone is driven by domestic demand

European Central Bank (ECB) Executive Board member Peter Praet said on Monday that the economic recovery in the Eurozone was driven by domestic demand. He added that there were large imbalances in the Eurozone.

Praet pointed out that disposable income in the Eurozone was supported by recovery in labour market and lower oil prices, adding that there was gradual rise in residential investment.

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