Some comments by Moody's on the Eurozone - 15 January 2018
- Recovery still supported, despite patchy structural reform progress
- Forecasts that Euro area growth will average 2.0% in 2018, before slowing to 1.7% in 2019
- High government debt remains a key credit constraint in Euro area
- Domestic political risk is fairly low, it is still at manageable levels even though it has risen in recent years
- Euro area sovereigns will continue to benefit from low interest rate environment for 2018
Moody's adding to further optimism in the Eurozone economy. EUR/USD is now trading at 1.2219 after breaking to three-year highs on Friday, as the dollar remains on the backfoot on the day.
