DAUTPHETAL-BUCHENAU, Germany (Reuters) - Recent positive economic data has brightened the economic outlook for the euro zone and has thus confirmed the European Central Bank’s main scenario of slow recovery taking hold, Executive Board member Joerg Asmussen said on Tuesday.
“Second-quarter GDP data confirms the scenario that we have in the ECB that we will have a very slow recovery in the euro area, which will improve next year,” Asmussen said in an event organized by Roth Industries and Philipps University of Marburg.
“Our baseline scenario (of economic recovery) is a realistic one.”
The recovery is expected to pick up speed in 2014, Asmussen added.
Reporting by Sakari Suoninen