Weak inflation still a hallmark of euro economy

ECB won’t tighten monetary policy any time soon, writes Oliver Mangan.

The eurozone economy has lagged behind the recoveries in the US and UK for most of this decade, but this is now changing.

Growth in the eurozone last year came in at 1.7%, more or less matching the performance of the US and UK at 1.6% and 1.8%, respectively. Leading indicators of activity suggest that the recovery in the eurozone has gained momentum this year, while growth in the US and Britain has slowed.