Research (Česká spořitelna)
Macroeconomics  |  January 29, 2013 11:02:20

Eurozone - credit activity remains weak and fell for the eighth time in a row


Credit activity remained weak in the EMU, declined y / y for the eighth time in a row (0.7% y / y). Although the ECB is trying to turn this loan much it's failing - it's a similar situation like this, where it is much more of a problem on the demand for money in the real economy. Ono, there's not even expect that this would soon change - recovery will be driven by demand from abroad (Germany) and gradually (in the south) decreasing levels of fiscal tightening and stabilizing expectations and trust entities. Until then rises credit activity. However, the ECB LTRO its operations and OMT done enough to bring to the subjects of concern to the real economy hath not fear the disintegration of EMU.

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Eurozona - kreditní aktivita zůstává slabá a klesla po osmé za sebou

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