Week In FX Europe – European Recovery Remains In Progress …
Do not count the eurozone out just yet. Economic recovery picked up speed in Q4 – GDP +1.1, y/y and +0.3%, q/q. Numbers like this would suggest that the region has one once again found firmer footing after a couple of recessions pushed unemployment to record highs and led the periphery countries into all sorts of economic, political and social troubles.The above expectations GDP headline is the third straight quarter of growth for the eurozone. Not surprisingly, the expansion was led again by the regions backbone – Germany. What’s so much more encouraging is that economic growth actually spread to the struggling regions – France, Italy and Spain. The numbers remain relative, they are a plus for Europe but certainly lag behind the economies …
Do not count the eurozone out just yet. Economic recovery picked up speed in Q4 – GDP +1.1, y/y and +0.3%, q/q. Numbers like this would suggest that the.
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Week In FX Europe – European Recovery Remains In Progress …
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