The document discusses the economic outlook for Europe, highlighting external demand and deflationary shocks. While risks to euro-area growth are rising, the inflation outlook has deteriorated. The ECB is expected to cut deposit rates and increase synergies between monetary policies. Structural issues remain unsolved, and further fiscal easing is not seen as a solution. The euro-area is in better shape than during previous crises, but challenges persist.
documents/vol00010-efta01459718-pdf.pdf
{"title":"Focus Europe: Dark clouds, no storm yet","key_people":["Marco Stringa","Mark Wall"],"document_date":"2016-02-05","document_type":"correspondence","key_locations":["Europe"],"key_organizations":["Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0120359","SDNY_GM_00266543","EFTA01459718"]}