Market news
20.02.2020, 11:52

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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