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2017-04-04 — bloomberg.com
"We're still very far away from the wage growth we saw pre-crisis," said Bert Colijn, senior euro-area economist at ING Bank NV in Amsterdam. "With labor market conditions as slack as they are, and with youth unemployment still quite high, it seems that Draghi will probably need to remain cautious until we really see some strengthening labor market signs."
Euro-area inflation slowed for the first time in nearly a year in the euro area last month and economic confidence unexpectedly dipped, muffling some of the calls on Draghi to begin moving toward unwinding stimulus. Still, factory growth accelerated to the highest since 2011, adding to evidence that the recovery is firming.
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