S&P: Eurozone 2018 GDP growth seen at 2.3%

The US-based ratings agency, Standard & Poor’s’ (S&P), is out with its latest review on the Eurozone economy.

Key Highlights:

Sees Eurozone GDP growth at 2.3% in 2018.

2019 GDP growth seen at 1.9%.

Labour market slack to keep inflation in check.

Surveys suggest Eurozone growth is 'leveling off'.

Expects ECB to only gradually wind down asset purchases from September onwards.

Says that ECB has enough leeway to raise rates in Q3 2019.

Forecasts EUR/USD at 1.27 in 2018, 1.30 in 2019.