However, recent business confidence indicators, both within the euro area and at the global level, suggest that the pace of the decline in economic activity has slowed somewhat. Most forecasters expect a gradual economic recovery both in the euro area and globally in 2010. Inflation is expected to remain very low in the euro area.
Jens Weidmann: The future of the European monetary union Speech by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, at the IHK Rhein-Neckar New Year's Reception, Mannheim, 31 January 2019.