Following a severe recession and a sovereign debt crisis, Europe is now experiencing a modest recovery, according to the latest euro area economic survey by the Organisation for Economic Cooperation and Development. However, the OECD said that risk to the euro zone remains and further structural reforms are needed to facilitate on-going economic adjustment and lift growth prospects.
In its latest survey of the 16 nations that share the euro, the OECD said a “gradual and sustained recovery” is underway but that “the pace of recovery is likely to be muted”.
For more: Modest recovery underway in Europe - OECD - Economy - Economy | Ireland's online business and management news service - Businessandleadership.com
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