The eurozone economy has been treading water for some time. GDP growth ground to a halt in the first...
The eurozone economy has been treading water for some time. GDP growth ground to a halt in the first quarter, following a paltry 0.1% quarter-on-quarter rise in the fourth quarter of last year. The slowdown in eurozone growth reflects weaker global demand, coupled with the appreciating euro denting export growth. Forward-looking economic indicators have yet to paint a significantly better picture. Despite the easing of geopolitical uncertainty after the war with Iraq, eurozone business surveys have improved only slightly in recent months, with the key eurozone PMI surveys for manufactur...
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