conditions. However, a recovery this year remains far from assured, with activity likely to be particularly weak in Germany and …

the European Economy 5 III. Economic Policy 7 B. Country Reports 9 I. Germany: Upturn Continues Despite Financial … Turbulence 9 II. Confidence Still High in France, Though Off Its Peak 9 III. Downturn in the UK Economy 10 IV. Italy: A Fragile …