leconomie_est_ma_chose_poster-rd591bb2caba9418895edb902224549c2_w2j_8byvr_324

TALKING ECONOMICS : FIGURING OUT WHERE THE FRAGILE RECOVERY OF THE EURO AREA REALLY STANDS.

GROWTH IN THE EURO AREA SLUMPED AS 2014 WORE ON, AND INFLATION – ALREADY NEGATIVE IN SOME COUNTRIES – CONTINUED TO DRIFT DOWN, REFLECTING CONSIDERABLE EXCESS CAPACITY.

ECONOMIC ACTIVIY IS PROJECTED TO RECOVER SLOWLY AS CONFIDENCE IMPROVES AND UNCERTAINTY ABOUT BANKS’ BALANCE SHEETS DECLINES.

HOWEVER, GROWTH WILL REMAIN WEAK BECAUSE OF STILL – HIGH PUBLIC AND PRIVATE DEBT, TIGHT CREDIT CONDITIONS AND HIGH UNEMPLOYMENT.

A NUMBER OF COUNTRIES ARE STILL VULNERABLE TO FINANCIAL TURNMOIL OR OTHER NEGATIVE SHOCKS.

HIGH UNEMPLOYMENT AND LARGE MARGINS OF EXCESS CAPCITY WILL RECEDE ONLY SLOWLY, PUTTING CONTINUED DOWNWARD PRESSURE ON INFLATION.

THE PACE OF FISCAL CONSOLIDATION HAS EASED CONSIDERABLY, SIGNIFICANTLY REDUCING ONE OF THE DRAGS ON GROWTH.

ACCORDING TO THE COUNTRY SNAPSHOTS 2015 – 16, PUBLISHED BY OECD, THE 2013 GDP OF 9861.2 BILLION EUROS INCREASED BY 0.8% IN 2014 AND IS EXPECTED TO INCREASE BY 1.1% IN 2015 AND BY 1.7 % IN 2017.

« THE BEST THING ABOUT THE FUTURE IS THAT IT COMES ONLY ONE DAY AT A TIME »

ABRAHAM LINCOLN, 1809 – 1865, 16TH US PRESIDENT

« EUROPE IS AN AREA IN WHICH THE PROBABLE NEVER HAPPENS AND THE IMPOSSIBLE ALWAYS DOES ».

PHLDUCX