MNI BRIEF: EZ Economy Better, Chinese Exports Threat - Guindos

The Eurozone economy is performing moderately better than expected as easing trade tensions offer some support, European Central Bank Vice President Luis de Guindos said in an event on Wednesday.

Risks to inflation are balanced, but China will play an important role both from the spillovers from the potential outcome of U.S.-China trade and the rise of Chinese imports in Europe.

De Guindos said that Chinese exports are not only a downside risk for euro area inflation but could also hit European growth as the country’s exports are becoming more similar to European ones. (see MNI INTERVIEW: ECB's Wunsch Sees Less Chance Of Another Cut )