The Diplomatic Envoy

European Central Bank

November 2015Europe

Seven Years After Recession, European Economy Has Positive Outlook

This new found fiscal responsibility has given confidence to investors, resulting in capital inflows and an uptick in business and consumer confidence, according to the Wall Street Journal. Despite all this, nominal inflation is still only around 0.2 percent, far from the U.S. Federal Reserve’s own 2 percent target.

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