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Standard & Poor's says eurozone may go into triple-dip recession

19 Nov 2014

Standard & Poor's (S&P) says that the eurozone may enter recession, as they believe that current stimulus is not enough.

S&P Chief European Economist Jean-Michel Six says that "Risks of a triple-dip recession have increased. The ECB has one last arrow and that is quantitative easing of €1trn".

Quantitative easing (QE) along the lines of the US Federal Reserve and the Bank of England has been continually opposed by the German Bundesbank, but if all other options have been tried without success, they may endorse QE

As previously highlighted in this article, weak growth in the eurozone is providing a headwind to UK economic growth as it is the UK's main trading partner, and is therefore a factor in keeping UK interest rates low for longer

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