Benoît Cœuré: The importance of independent fiscal councils Opening remarks by Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, at the workshop on “Fiscal councils, central banks and sound public finances”, Frankfurt am Main, 27 January 2016.
Our forecasts, like those of others in the market, showed weak but positive outcomes for that quarter, and it is possible that these will turn out to be somewhat less wrong than seen at first sight. We do anticipate growth to be positive in the third quarter, but this is scarcely comforting. Growth will remain very low over the next few years.