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Macro Update: Euro zone muddles through

Macro Update: Euro zone muddles through

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Published by SEB Group
Most euro zone indicators have worsened recently but hard data provide a somewhat more positive picture. SEB economists in a new research note say they expect euro zone GDP to fall by 0.5 per cent in 2012, followed by a return to positive territory with marginal growth of 0.1 per cent in 2013. The economists note that there is still no good answer to how the ECB will decide whether recently announced tools to buy government debt in struggling countries are needed.
Most euro zone indicators have worsened recently but hard data provide a somewhat more positive picture. SEB economists in a new research note say they expect euro zone GDP to fall by 0.5 per cent in 2012, followed by a return to positive territory with marginal growth of 0.1 per cent in 2013. The economists note that there is still no good answer to how the ECB will decide whether recently announced tools to buy government debt in struggling countries are needed.

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Published by: SEB Group on Oct 12, 2012
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10/13/2012

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