ECB’s de Guindos Remains Optimistic About Growth Rebound, According to Reuters

Euro Zone Growth Outlook: ECB Vice President Comments on Future Recovery

FRANKFURT – Euro zone growth may be weaker in the short term compared to the current expectations of the European Central Bank (ECB), but a recovery is anticipated to gain momentum in the future, according to ECB Vice President Luis de Guindos.

During a recent conference, de Guindos stated, "We expect the recovery to strengthen over time, as rising real incomes and the gradually fading effects of restrictive monetary policy should support consumption and investment."

He also mentioned that enhanced exports and a rebound in particularly weak productivity growth could further boost the economy.