14419
Europe Showing Signs of Economic Hope
World Economy

Europe Showing Signs of Economic Hope

Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.
As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the International Monetary Fund's Spring meeting, they view a subdued global landscape where even the United States' prospects seem tarnished, Reuters reported.
For a change, however, there are reasons for hope in the euro currency bloc, despite still low growth and high unemployment.
European Central Bank President Mario Draghi will be able to claim an early success in the bank's fledgling money printing program with figures on Friday set to confirm that falling prices throughout the 19-country euro zone are beginning to stabilize. Bank lending too is improving.
"We're seeing the opposite of 2014," said Carsten Brzeski, an economist at ING bank. "Now there are more doubts about the U.S. and China than the euro zone."
The ECB's long-awaited scheme to buy 60 billion euros a month of chiefly government bonds is also helping to steady nerves in wrangling with debt-strapped Greece.
Greece has until mid-week to improve a package of reforms required for the release of euro zone loans that it needs to stay afloat, and that will be a hot topic in Washington.
Were Greece to tumble out of the currency union, it could upset an already delicate global picture where even the U.S. economy, a beacon of economic strength, is losing some of its shine.

 

Short URL : http://goo.gl/9WsJc9

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The bankruptcy of investment bank Lehman Brothers on September...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Trending

Googleplus