Eurozone: Despite the politics, recovery is looking good - ING

In view of the analysts at ING, private consumption, investments and fiscal policy have all continued to improve during 2017 so far and the Eurozone economy looks to be firing on all cylinders

Key Quotes

“This recovery is not only the result of favourable external conditions and very accommodative monetary policy, but structural improvements in several countries too.”

“Despite political risk, the Eurozone economy looks to have grown faster than the US and UK in 1Q17.”

“Our forecast of 2% growth for 2017 would be the second strongest year in a decade –and this isn’t just driven by France and Germany, but broader growth across countries:

Spain, Portugal, Ireland and the Netherlands are looking strong, and more competitive.”