Statement by IMF Mission on Euro Area Policies

In the concluding statement of the IMF Mission on Euro Area Policies released 28 May the IMF saw 'considerable scope for monetary easing' but recognised that monetary policy could only play a 'supportive' role in the resumption of Eurozone growth. The Fund welcomed the recent restatement of the ECB's monetary framework.

Source: IMF

1. Against a backdrop of continued uncertainty about global prospects, growth in the euro area appears set to disappoint for a third year running. The slowdown reflects

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