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    24.02.2016 16:15 European Central Bank Governing Council member and Deutsche Bundesbank President Jens Weidmann: the economic recovery would continue this year

    European Central Bank (ECB) Governing Council member and Deutsche Bundesbank President Jens Weidmann said Wednesday that the economic recovery would continue this year.

     

    "The euro area's gradual economic recovery is likely to continue in the rest of this year and in 2017," he said.

     

    Weidmann noted that the German economy was in good shape.

     

    "While wage growth was marked, inflation remained subdued; this led to a distinct rise in real disposable income," Bundesbank president added.

     

    Weidmann warned that further stimulus measures could entail longer-term risks and side-effects "that it would be dangerous to simply ignore".


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