The document discusses the economic outlook for 2016, focusing on the European Central Bank's (ECB) potential tapering of quantitative easing (QE) and the political risks in Europe. It predicts modest economic growth, a gradual normalization of core inflation, and potential political challenges in Spain, Portugal, Catalonia, Ireland, Italy, and the UK. The document also highlights the refugee and terror crises as significant political tests for Europe.
documents/vol00010-efta01458963-pdf.pdf
{"title":"World Outlook 2016: Managing with less liquidity","key_people":["Mario Draghi"],"document_date":"2015-12-08","document_type":"tabular","key_locations":["Europe","Spain","Portugal","Catalonia","Ireland","Italy","UK","Germany"],"key_organizations":["European Central Bank","Deutsche Bank"]}