IMF's European department director Thomsen: German fiscal relaxation in 2019 is good, but more is needed

Market news

12 April 2019

IMF's European department director Thomsen: German fiscal relaxation in 2019 is good, but more is needed

Wage growth in Germany and other EU nations should continue
Germany needs to increase spending in the coming years
Italy’s immediate challenge is reducing high debt
Italy has made progress on non-performing loans

U.S.: Reuters/Michigan Consumer Sentiment Index, April 96.9 (forecast 98.0)

ECB’s executive board member Praet: ECB doesn’t see any need for QE but all instruments are available

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