Monetary policy since the GFC of 2008 has been characterised by the near-zero (and even negative) policy rates, negative bank rates, negative Government debt yields and rampant asset price inflation. The result has been zombification of the advanced economies.
Here is the latest advanced estimate of the eurozone real GDP growth based on the CEPR/Banca d'Italia Eurocoin indicator:
Current forecast for 2Q 2019 growth in the eurozone, based on eurocoin indicator is for 0.17% q/q expansion. June Eurocoin sits at 0.14%, the lowest since September 2013. The growth rate forecast has now been sub-0.25% (below