Falling economic expectations in the euro area, despite the actions of the ECB – told european commission

New ECB measures to stimulate economic growth and inflation does not seem to add optimism to the public and companies regarding the economic outlook in the Eurozone.

The results of a survey conducted by the European Commission went on Friday and showed declines in economic expectations in June.
At the meeting on June 5, the ECB announced a series of measures aimed at combating dangerously low inflation, including – reduction of the basic interest rate to be negative.

According to Mario Draghi, ECB president, should go about 9-12 months before the impact of these measures will be felt.

However, the European Commission survey showed that neither consumers nor companies do not believe that these incentives will improve as the economic outlook in general and their own.

On Friday, the European Commission said that the main economic expectations index, which assesses the mood like in the business sector and among consumers, fell to 102.0 from 102.6 in May. This came as a surprise, since 17 economists surveyed The Wall Street Journal last week forecast growth rate to reach 103.0.