Economic growth continues in the euro zone

Due to strong retail demand and business investments the economic recovery continues in the euro zone – according to the monthly economic report released on Thursday on the website of the European Central Bank (ECB).

“Domestic demand, in particular, continues to be supported by the ECB's monetary policy measures,” the ECB said in a bulletin that is largely consistent with its outlook presented at its April 21 interest rate meeting. “Their favorable impact on financing conditions, together with improvements in corporate profitability, is benefiting investment.

“The risks to the euro area growth outlook still remain tilted to the downside,” the ECB added. (MTI)