I'm a bit surprised it fell because the outlook is favorable. Analysts are probably overreacting to the prospect of higher interest rates.
More Quotes from Stephen Webster:
I'm more optimistic about growth in the euro region. If growth continues through 2006, we'll see a further improvement in the employment picture, which would make the euro region even stronger.Stephen Webster
The outlook is more positive than it's been for some time. Germany is providing the motor for growth at the moment. Assuming it continues to perform well, we would expect growth in the euro-zone of around 2 percent this year.
Stephen Webster
Inflation is a global threat. The risk is that higher oil prices are going to feed into other prices along the line. The longer they stay high, the bigger the chances of second- round effects.
Stephen Webster
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