Having overcome the recession, the debt crisis in Greece and establish the damaged financial system, European Central Bank President, it would seem, is to celebrate the gradual improvement of economic conditions in the region.However, the slowdown in emerging economies threatens prospects for economic growth and inflation. This brought the bank officials to the point where they were a year ago - to a choice of whether they should take additional measures to stimulate the growth of consumer prices.
While markets expect the data on economic growth in the eurozone this week, the economic slowdown in China and other developing countries has caused the fall in commodity prices, confounding attempts ECB to stimulate the growth of prices using monthly purchases of bonds worth 60 billion euros ($ 64 billion). The slowdown in economic growth abroad may also affect the pace of economic growth in the region, which still benefit from the growth of real incomes and consumer spending.
According to the forecasts of economists in a survey Bloomberg, in the third quarter as in the previous three months, the euro zone economy will expand by 0.4 percent.
The forecasts for growth
Last week, the European Commission lowered the forecast for economic growth and inflation in the euro zone for 2016, citing more challenging global conditions and fading boost from lower oil prices. Gross domestic product is expected to grow by 1.8 percent, while inflation will average 1 percent.
The Organization for Economic Cooperation and Development (OECD) will give his assessment of the prospects for the world economy later on Monday.
Data on industrial production in the euro zone will be released on Thursday. On Friday, the expected GDP data for the third quarter of the seven European countries, including Germany, France, Italy, the Netherlands, Portugal, Slovakia, and Greece.
According to forecasts of the ECB, the slowdown in China will not have much impact on the region as a whole. It is estimated that China's GDP will fall by 1 percent, the decline in economic activity in the euro area at 0.1- 0.15 percent for two to three years.
According to the materials WELTRADE