Adding to the uncertainty, the eurozone economy is still facing numerous headwinds. The ongoing deleveraging by the private sector, tight fiscal policy, restrictive credit conditions and high unemployment, will continue to restrain the pace of economic growth. Moreover, the global political uncertainties, especially the tensions in Russia, which may impact the eurozone’s oil supply, does not bode well for positive economic growth.
“As a result, it appears that interest rates in the eurozone will most likely remain very low for a prolonged period of time, if that is any consolation.“ Picarillo conclused, “And, remember uneven? Keep an eye on Ireland, which recorded the largest fall in production at 16.5% followed by the Netherlands at 3%.”
Steve Picarillo is a global financial markets, risk, banking, compliance and communications executive with exceptional experience in risk analysis of global banking systems and financial institutions. Mr. Picarillo provides analysis and commentary to the financial community, the media, investors and regulators.
For additional information on Steve, please visit his website at www.stevepicarillo.com.
The opinions in this article are the views/opinions of the author and Creative Advisory Group, Inc. (CAG), based on public information and the author’s experience. This is not a recommendation to buy, sell or trade any security, debt or any other financial instrument. The author and CAG do not hold any interest in any of entities mentioned in this posting, and have no plans of entering into any financial trade in the same in the next 72 hours.