Despite the peak in new cases in the Eurozone, analysts at Danske Bank do not think the economic implications of the virus have reached their nadir yet. Key quotes “We expect activity to continue to fall in the coming months, followed by a sharp rebound in H2 20 once the lockdown measurements come to an end and low energy prices boost private consumption. We now look for annual GDP growth of -3.2% in 2020.” “We think the PEPP will put a hand under credit spreads and risk–sentiment as the ECB essentially signalled that ‘there are no limits to our commitment to the euro’.” “We expect further declines in inflation rates in the coming months, with core inflation now averaging only 0.7% in 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD keeps the red near multi-day lows, around 1.2330-25 region post-UK PMI FX Street 2 years Despite the peak in new cases in the Eurozone, analysts at Danske Bank do not think the economic implications of the virus have reached their nadir yet. Key quotes “We expect activity to continue to fall in the coming months, followed by a sharp rebound in H2 20 once the lockdown measurements come to an end and low energy prices boost private consumption. We now look for annual GDP growth of -3.2% in 2020.” “We think the PEPP will put a hand under credit spreads and risk–sentiment as the ECB essentially signalled that ‘there are no limits to our commitment… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
