EMEA: wheels in motion

Author: Olly Jackson | Published: 5 Mar 2018

EU growth figures are providing those in Brussels with delight: GDP increased by 2.7% in 2017. At a time when Britain turns its back on the EU, it is posting its best figures since the crisis, but the EU should not become complacent. Italy is providing cause for concern: it's likely that a far-right eurosceptic party will have a presence in government and data is already showing that businesses are worried. Some are calling for the European Central Bank's (ECB) bond buying programme to be brought to an end, fearing the start of housing bubbles and a strengthening euro, but the attention of ECB decision-makers is moving sharply onto inflation. Inflation continues to be well below the two percent target and the ECB's main short-term focus is to see prices driven up....