Draghi injects new life into Eurozone economy with QE, says KPMG

Draghi injects new life into Eurozone economy with QE

Yael Selfin, Head of Macroeconomics at KPMG reacts to the European Central Bank announcement on quantitative easing today

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Reacting to the European Central Bank announcement on quantitative easing today, Yael Selfin, Head of Macroeconomics at KPMG says:

“Today’s European Central Bank announcement shows the time has come to inject some life back into the ailing Eurozone economy. However, those looking for a quick fix could be disappointed as the desired lift in inflation could take some time to become noteworthy.  The lower Euro should already be helping to support those businesses exporting beyond the economic area, but a number of significant challenges to the survival of the Eurozone still remain. All eyes now turn to the results of the Greek elections, due this weekend, which could result in the union being under renewed strain next week.”

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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