FXStreet (Łódź) - The ECB head points out that Eurozone indicators have been volatile in Q2, following the 0.2% GDP increase in Q1and the Governing Council sees a “continued moderate and uneven recovery in the euro area economy”.
• “The progress made in fiscal consolidation and structural reforms and gains in real disposable income should make a positive contribution to economic growth,” Draghi suggests.
• Draghi sees rising geopolitical tensions as a downside risks to Eurozone economic recovery.
• He attributes the CPI slowdown to 0.4% in July to lower energy prices.
• The current low HICP will be followed by an upward movement.
• "Labor markets have shown signs of improvement, however rate of unemployment remains high."
• Demand for loans by non financial corporations and households in the Eurozone has increased, according to reports from financial institutions.