BNP PARIBAS: EcoWeek of Friday, January 10, 2014

[Rajesh Desai]

Friday, January 10, 2014

Dear subscriber, We have the pleasure to send you the latest publications of your subscription 1/10/2014 6:20:15 PM Eurozone Editorial : 2014, a better year ahead? Funding conditions improve in the periphery of the euro zone. Recovery is expected. But its strength remains to be seen. Thibault MERCIER France Overview : France, is the recovery likely to last beyond season’s greetings? After two years of stagnation, 2014 should see the return of growth–albeit somewhat timidly. Hélène BAUDCHON US The week in the US : Tapering, a few explanations… All eyes are now back on monetary policy with the Senate’s confirmation of Janet Yellen as the next Federal Reserve Chair and publication of the minutes of the December FOMC meeting. Alexandra ESTIOT Eurozone The week in the Euro zone : The ECB talks dovish At its January meeting, the ECB kept interest rates unchanged, leaving the refi rate at the historical low of 0.25% and the deposit facility rate at zero. Clemente DE LUCIA Eurozone Focus1 : The recovery has to change gear The pace of the recovery risks remaining weak and needs to be strengthened. As the consolidation of public finances constrained fiscal policy, the support has to come from the monetary policy. Clemente DE LUCIA See you soon on our web site http://economic-research.bnpparibas.com

--
CA. Rajesh Desai