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Moody's: ECB Rate Cut Does Little for Economic Growth
Politics ♦
Published: December 5, 2013; 15:17 ♦ (Vindobona)
ECB rate cut to a record low 0.25% will likely do little to support economic growth, according to Moody's Analytics.
Moody's: ECB Rate Cut Does Little for Economic Growth / Picture: © Vindobona.org
The euro zones recovery weakened in the three months to September. Economic growth slowed to 0.1% q/q, from 0.3% in the second quarter. The outcome was in line with the preliminary estimate. The main driver was stronger imports. In year-ago terms, the region's economy shrank 0.4%, after it contracted 0.6% in the three months to June. The euro zones recovery will be modest and gradual,…
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