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As in the first quarter of the year, the European economic outlook remains uncertain, the current recession being forecast to give way to modest growth in 2014. In June, the ECB revised its forecasts for growth in 2013 down to -0.6%, raising those for 2014 to +1.1%. This second issue for 2013...
Persistent link: https://www.econbiz.de/10010528150
Prospects for growth in the EU are improving thanks to the combination of a smaller fiscal drag, stronger external demand and a gradual improvement in private sector lending conditions. The International Monetary Fund (IMF) forecasts that output will increase in the euro zone by 1.1% in 2014...
Persistent link: https://www.econbiz.de/10010528151
Recent months have seen an improvement in economic outlook, a calming of the sovereign debt crisis and a stabilisation of unemployment rates. ECB President Mario Draghi was, however, cautious in his assessment of the emergent European recovery in January, calling it ‘modest’, ‘weak’ and...
Persistent link: https://www.econbiz.de/10010528152
According to the 2014 spring forecast from the European Commission DG-ECFIN, ‘the economic outlook is strengthening’ and ‘leading indicators point to GDP growth gaining momentum’. Some measure of modest growth has now returned to the majority of Member States. This issue includes:...
Persistent link: https://www.econbiz.de/10010528153
Recent data has cast doubt on the strength of the recovery. In its October 2014 World Economic Outlook, the IMF … as increased geopolitical risks arising from events in Ukraine, Syria and the wider Arab world. This issue includes …/job gains, and top five cases; Case in focus: Microsoft (EU/World); Case in focus: Phones 4U (UK); Restructuring support …
Persistent link: https://www.econbiz.de/10010528154
Dramatic recent oil price declines have seen deflation take hold in the EU. General price levels in December 2014 were 0.2% lower than a year earlier. This is further evidence of a tentative European economic recovery that appears to be running out of steam. Growth forecasts for the EU have been...
Persistent link: https://www.econbiz.de/10010528155
Economic recovery in the EU has some positive tailwinds at last. These come in three forms; reduced oil prices are a significant boon to the EU as it is a major net importer; the ECB’s decision to adopt unconventional monetary policy options previously implemented in other developed economies...
Persistent link: https://www.econbiz.de/10010528156
Persistent link: https://www.econbiz.de/10011279556
Europeans, and offered guidance on viable options available to policymakers in their efforts to turn Europe around. The Agency …
Persistent link: https://www.econbiz.de/10011279557
, GDP fell and unemployment began to grow again. As this yearbook on Living and working in Europe 2012 describes, one of the …
Persistent link: https://www.econbiz.de/10011279558