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What next for EU economy?

Nancy Curtin, Chief Investment Officer at Close Brothers Asset Management, comments on the interest rate decision from the ECB…

The status quo remains. “What next?” is the question on investors’ lips, as they look for signs of how Draghi will move to protect the EU’s fragile recovery when its current quantitative easing programme finishes in March.
Economic data continues to be mixed, exacerbated by potential political instability, with important elections in Italy and Germany over the next twelve months, not to mention the start of Brexit negotiations with the UK. Businesses and investors will be looking for a shift to fiscal stimulus, rather than monetary stimulus, as the means to a more robust leg to long-term recovery.

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