November 13, 2014

THE REAL PRESSURE IS DEMOGRAPHY:

Eurozone deflationary pressures to worsen (Deutsche-Welle, 11/13/14)

The ECB's inflation target is below, but close to 2 percent over the medium term, and the bank is scheduled to update its own staff predictions for price stability next month.

Citing falling oil prices and political tensions, the forecasters polled also predicted eurozone growth to slow to 1.2 percent in 2015, down from the 1.5 percent predicted previously.
"The balance of risks has become more clearly tilted to the downside," the survey said. "Respondents identify geopolitical tensions, mainly in Ukraine and Russia, but also in the Middle East, as by far the main risk."

Posted by at November 13, 2014 5:26 PM
  

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