ECB sees solid Q2 euro zone growth

Economic data points to solid growth in the euro zone in the second quarter and indicates a rebound in global growth after a rough patch, the European Central Bank said in a regular economic bulletin on Thursday.

ECB said that inflation will hover near the current level in the coming months and while there is still no convincing upswing in consumer prices, there are early signs of pipeline price pressures in the production and pricing chain.

ECB said that largely consistent with the outlook presented after its June policy meeting.

Overall, incoming data point to solid growth in the second quarter of 2017. Domestic demand is expected to be buoyed by a number of favorable factors.

Very favorable financing conditions and low interest rates continue to promote a recovery in investment in the context of rising profits and lower deleveraging needs, the ECB added.

Source: Reuters

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