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14.02.2014 15:04:30

Europe's recovery solidifies - QuickView by European Economist Azad Zangana

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QuickView

Europe's recovery solidifies

February 2014

 

In summary:

  • Eurozone aggregate growth rose to 0.3% in the three months to December - a slight acceleration compared to the 0.1% growth recorded in the third quarter.
  • This is an encouraging set of data in the wake of banks cutting back lending in preparation for the Asset Quality Review.
  • Risks to our forecast of 1.1% eurozone growth in 2014 are shifting to the upside as financial conditions continue to improve.
  • The European Central Bank will be pleased to see that growth is slowly improving, which should help raise inflation in the second half of the year and in 2015.

Full Article

 Quickview: Europe's recovery solidifies

   by Azad Zangana, European Economist

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Schroders Switzerland

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