- Analytics
- News and Tools
- Market News
- Eurozone: ECB forced to act - Westpac
Eurozone: ECB forced to act - Westpac
FXStreet notes that conditions on the European Continent have taken a sharp turn for the worse in recent weeks. Therefore, action from the European Central Bank will be needed, in the opinion of analysts at Westpac Institutional Bank.
“It is now our expectation that the Euro Area economy will fall into recession in the first half of 2020.”
“External demand contracted through 2019 and now faces an additional headwind from supply disruptions and weaker growth.”
“Domestic demand is set to weaken materially, principally as a result of consumption, investment and services exports.”
“The ECB will be forced to act but has limited scope to aid growth.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
