Euro area’s growth prospects improved significantly

London’s financial analysts say that the growth prospects for the euro area as a whole will improve significantly, but the euro area periphery may suffer if the euro central bank (ECB) starts cutting the its quantitative easing cycle down.

The Standard & Poor’s (S & P) international credit rating company expects an average of 2 percent GDP growth in 2017 and a 1.7 percent GDP growth in 2018 in the euro area instead of its 1.6 percent and 1.5 percent that were included in the previous projection. (MTI, Kertész Róbert)