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    08.10.2015 14:46 European Central Bank chief economist Peter Praet: seeping pessimism weighs on the recovery of the Eurozone’s economy

    European Central Bank chief economist Peter Praet said on Thursday that seeping pessimism weighs on the recovery of the Eurozone's economy.

     

     

    "The economic environment is characterised by seeping pessimism about the prospects for long-term growth. It holds back a stronger recovery, as uncertainty about the future can feed back into weaker investment today through expectations and confidence channels," he said.

     

     

    Praet noted that further reforms needed to be implemented


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