Bundesbank official says euro zone GDP growth expected at 1.1% in 2020

An official of the German central bank speaking in Hong Kong

• pace of economic expansion in euro area expected to stabilise in 2020

Reuters with the headlines. Nothing further at this stage.

EZ growth has been lacklustre, 1.1% is not much better. It was 1.2% last year!

Comments from BUBA executive board member Burkhard Balz.(responsible for payments & settlements systems).