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BROAD-BASED EURO-ZONE ECONOMIC GROWTH WILL CONTINUE

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  • 1 month ago
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   •  The Euro area economy continues to expand in a broad-based manner.
   •  A test of economic indicators suggests that this broad-based growth will continue.
   •  Significant monetary policy stimulus is still needed.
   •  Uncertainty around the inflation outlook is receding.
   •  Underlying inflation is expected to pick up towards the end of this year. 
   •  Then increase gradually over the medium-term.
   •  Sees limited contagion from recent financial market volatility.
   •  Cliff-edge Brexit could have the potential to pose a more significant downside risk to financial stability.

Source : IMF statement