Eurozone Q3 2017 Report
With the ongoing economic recovery, will the ECB start tapering QE?
Economic growth shows a growing trend, signaling a stable economic recovery in the Eurozone along with an optimistic manufacturing sector that does not seem to depend on credit. Inflation lightly borders ECB objectives, possibly indicating that QE policies will continue in the short-term even though these policies have not shown significant results in their objectives. Credit to businesses has not recovered, but there is a significant rebound in credit to households. Nevertheless, businesses are investing more. Credit to government continues to decrease, because of deficit control in most Eurozone countries. There are no signs of liquidity problems.
