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Economic Bulletin – Issue 7 / 2016

European Central Bank, (2016), “Economic Bulletin – Issue 7 / 2016”, ECB, 3 Νοεμβρίου

The information that has become available since early September confirmed a continued moderate but steady recovery of the euro area economy and a gradual rise in inflation, in line with previous expectations. The euro area economy has continued to show resilience to the adverse effects of global economic and political uncertainty, aided by the ECB’s comprehensive monetary policy measures, which ensure very favourable financing conditions for firms and households. Overall, however, the baseline scenario remains subject to downside risks.

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