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EMU: the recovery takes hold, despite doubts about the external sector. The ECB foreshadows measures in June due to low inflation and strong euro
Recovery in the eurozone is underpinned by better financial conditions and greater confidence, with some doubts remaining about the foreign sector.
Growth takes hold in peripheral countries, with a degree of convergence in growth rates to 2015.
Inflation will stay below 1% in the next few quarters, which will make it difficult to reduce imbalances, particularly in the periphery.
The strong euro and low inflation have led the ECB to make a preliminary announcement about measures in June: quantitative easing in the second half of the year cannot be ruled out.