The euro zone probably notched up a third quarter of growth at the end of 2013 in a recovery that has yet to convince Mario Draghi as he considers more stimulus.
With gross domestic product forecast by economists to have risen just 0.2 percent in the three months through December after climbing 0.1 percent in the prior quarter, the European Central Bank president has cited that data due this week as a focus of officials. They are preparing forecasts and a menu of possible policy measures for their decision in March.
In Spain, a frontline of Europe’s economic pickup after a record-long recession, retiree Candido Lopez and his wife Asuncion Diaz have already chosen to bet on the recovery. They held off buying a car last year for fear their son might lose his job, but have now decided that the time is right.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at email@example.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.