Mexican Media Brands
ECB Predicts 10-Year-High Growth for Eurozone
Economic growth in the eurozone will climb by a “robust” 2.2% this year, its strongest pace since the 3% rate achieved in 2007, the European Central Bank predicts.
#economics
Share
Economic growth in the eurozone will climb by a “robust” 2.2% this year, its strongest pace since the 3% rate achieved in 2007, the European Central Bank predicts.
The ECB previously forecast growth of about 2% in 2017. The central bank also lowered its expectation for inflation to 1.2% next year and 1.5% in 2019.
ECB President Mario Draghi cautions that the ECB plans to continue a “very substantial” level of economic stimulus to help nudge inflation toward the 2% target it considers healthy. The bank has been buying €60 billion ($72 billion) worth of bonds per month under a long-running quantitative easing program.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.