“We expect limited positive impact on the real economy: a cumulative impact of 0.5% pp of GDP growth and +0.3% on inflation over the next 12 to 18 months,” Euler Hermes analysts wrote in this week’s report.
For corporates, this will mean an easing in financing conditions, which should support business expansion, coupled with the weaker euro and the fall in oil prices, the report adds.
See other information about the European and global economies, in the full report.