Eurozone medium-term trend growth to fall to 1-1.5%; Government spending and cheap credit no longer growth drivers
Jul 20th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Eurozone medium-term annual trend growth is set to fall to about 1-1.5% according to Dr. Thomas Meyer, Chief Economist of Deutsche Bank Group and Head of Deutsche Bank Research. In an interview with DBR staff economists, Eric Heymann and Jochen Möbert, Dr. Mayer said government spending and cheap credit will be out of the picture as growth drivers for the medium term.