Description

Eurozone economy remains resilient with the anticipation of a steady domestic demand driven economic growth in Q4 2015 and Q1 2016. An expansionary monetary policy backed by low oil prices and a weaker Euro are expected to be the growth drivers of the region. Key industries like manufacturing and services will continue to perform well as suggested by the September reading of Economic Sentiment Indicator (ESI) at 105.6. The region is likely to remain relatively calm in the political front as well, with only Spain preparing for elections before the year end. Signing of the three year stability program in August 2015 by the European Commission for Greece will help the country regain competitiveness and bring financial stability to the region.