Repo rates are at an exceptionally low level, and market participants are only just growing accustomed to the post-financial crisis environment.
Frequency of rising and falling prices in the euro area
Forecast: Global economy to grow steadily
Alternative scenario: Scenario based on US economic policy plans
Favourable developments and new concerns in the global economy
The euro area economy has now benefited from four years of unbroken growth, and this is expected to continue. The evolution of the global economy will be affected by the economic policy of the new US administration. A potential increase in protectionist actions may impair the expansion of the global economy and trade.