Any effort by the European Central Bank to launch a massive quantitative easing programme this year would fail to revive the eurozone economy, according to economists polled in a Financial Times survey.
The survey of 32 eurozone economists mainly working in the financial sector, conducted in mid-December, found that most expected the ECB to launch QE in 2015 — catching up with the world’s other main central banks that have all bought large quantities of sovereign debt since the last financial crisis.
Twenty-six economists thought that the central bank would start purchasing government bonds this year, while five did not and one did not respond.
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