ECB: Digital transformer
For a long time, 'investment' was the missing piece in the Eurozone recovery jigsaw puzzle. But it seems things have changed. Who would have thought an organization as old-fashioned as the ECB supporting state-of-the-art investment?
Executive summary
Investments have finally gained momentum, contributing to the surprisingly strong growth performance of the entire Eurozone.
The often criticised QE programme has gradually made its way into the real economy. In fact, contrary to received wisdom, low-interest rates have been more supportive of investments in intellectual property than construction. Also, the ICT investment recovery has gained momentum.
These are all pieces of evidence that the ECB’s QE programme is not only growth supportive but also fostering the structural transition of the Eurozone economy.
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more