Citing two people familiar with the discussion, Reuters reported that an internal model used by the European Central Bank showed at this week’s meeting that the economic growth in the eurozone could continue to slow in the second quarter to suggest that the recovery could be delayed further than initially expected.
“The ECB’s nowcasting model, presented to policymakers at Wednesday’s Governing Council meeting, indicated quarterly growth was just above 0.2 percent in the first three months of the year and may be somewhat weaker in the second quarter, the sources, who asked not to be named, told Reuters,” wrote Reuters’ Balazs Koranyi.
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