| Videos | Channels | Search |
Beecroft: The deflation reality in Europe
The OECD says there's a deflation risk in Europe, the IMF raised concerns too in its latest World Economic Report, but the European Central Bank does't appear to be too worried. Saxo's Nick Beecroft thinks this is wrong as deflation in Europe is near the "danger zone". He believes the ECB will eventually act, but it will be "too little too late".
The IMF says its models showed a 20 percent chance that prices could start to fall in the euro currency bloc. Inflation in the eurozone was just 0.8 percent year-on-year in December, well below the ECB's target of close to but below 2 percent.
01:17 minutes
Tags: christine lagarde, consumer spending, consumers, deflation, deflation eurozone, ecb, equities, equity, eur, euro, euro area, europe, european central bank, eurozone austerity, eurozone economy, eurozone unemployment, financial markets, greece, imf, inflation, international monetary fund, italy, lea jakobiak, macro, mario draghi, market, nick beecroft, ocd, quantitative easing, saxo bank, saxo capital markets, saxo tv, spain, stock market, tradingfloor.com, unemployment, video