Even when developments in the euro zone are both better than expected and (relatively) positive, they still mostly highlight how dire Europe’s wider economic outlook is.
That was demonstrated again Aug. 14, when new figures showed 0% second quarter growth in France, allowing the country to escape an expected slide into recessionary territory. Meantime, Germany reported second quarter expansion of 0.3% amid falling exports to elsewhere in the crisis-racked euro zone.
That iffy result nevertheless exceeded the 0.2% quarterly German GNP figure most economists had predicted, and helped cheer markets a little. This is what passes for good news in Europe these days.
Read more: Euro Recession Nearing, But Not Here Yet | World | TIME.com
No comments:
Post a Comment