- ECB's vice president de Guindos: Uncertainty around future trade relationships remain elevated
Market news
20 February 2020
ECB's vice president de Guindos: Uncertainty around future trade relationships remain elevated
- Outlook for global economic activity outside the euro area has been showing some signs of improvements recently
- Eurozone growth supported by underlying strength of domestic activity
- Bolstered by strong labour markets, favourable financing conditions
- International trade remains weak
- But forward-looking survey indicators show tentative signs of mild improvements
- Outbreak of the coronavirus and its potential effect on global growth add a new layer of uncertainty
- Eurozone economy still needs strong support from monetary policy
- ECB is attentive to possible side effects of current policy measures
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