ECB: Euro zone recovering

The economic recovery in the eurozone continues, thanks to the support measures offered by the ECB, but foreign demand is weak confirms, following the persistence of the international crisis, and the restrictive budgetary policies of the member states act as a brake to the stimuli offered. It ''s the point of the monthly bulletin published by the Institute of Frankfurt.

According to the Eurotower, the increase in employment guaranteed by the structural reforms and the low price of oil will continue to support household income and thus private consumption. The labor market continues to offer signs of improvement, even if gradually, which led to a 0.3% dell'occupaizone growth in the last quarter of 2015 and a reduction in the unemployment rate to 10.3%.

For its part, the ECB will continue to support an expansionary monetary policy, to ensure the entrenchment of economic recovery and a return of inflation to acceptable levels.

However, there remain risks tilted to the downside for the prospects for the eurozone growth, related to the insufficient implementation of structural reforms and the crisis in emerging markets. For the central bank "it is essential to ensure that the conditions of extremely low inflation does not become entrenched in second-round effects on wage and price-setting behavior."