ECB’s Schnabel: There is evidence that sentiment indicators are bottoming out

  • The near-term economic outlook remains weak in line with our projections
  • Financial conditions have loosened more than projected, while energy prices have been weaker
  • The drop in unemployment to a historical low confirms continued strong resilience in labour markets, which is broadly in line with the December 2023 staff projections
  • As inflation falls, we continue to expect a gradual decline in wage growth in 2024

This article was written by Adam Button at Source