Outlook for eurozone has improved but bloc remains 'vulnerable to shocks': IMF

  • The International Monetary Fund (IMF) says that the eurozone outlook has improved because of falling oil prices, steps taken by the ECB and a weaker euro. Growth would rise to 1.7% next year from this year’s 1.5%, it predicted.

    But the IMF warned in its assessment that the region remained “vulnerable” to further shocks, which could lead to “prolonged” stagnation.

    The uncertainly linked to the Greek debt crisis could be one of the potential triggers for such a shock, it said.

    Tagged as: IMF, eurozone outlook, oil prices, ECB, euro, Greek debt crisis, business news