The economic conditions are not improving significantly in the eurozone with poor growth and low inflation, according to EI Sturdza's Eric Vanraes.
Growth is a major issue in the eurozone as its poor improvement is disappointing in light of the alignment of planets (low euro, low yields, low oil & commodity prices and European Central Bank's QE). The major central banks (excluding the US Federal Reserve and maybe the Bank of England) are still in ultra-accommodative mode. Massive QEs and negative rates will be implemented and in China, the People's Bank of China could potentially decrease its key rate and/or devalue the yuan further. Until November, the ECB's QE represented only 5% of eurozone GDP, compared to 25% of US GDP for t...
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