Euro zone’s slender recovery is here to stay
LONDON (Reuters) The euro zone tentative economic recovery is here to stay, say economists polled by Reuters who Canada Goose Parka were almost unanimous that it will uk canada goose not relapse into recession next year.
An buy canada goose jacket cheap European Union flag flutters outside of the European Parliament in Brussels October Canada Goose Coats On Sale 12, 2012. REUTERS/Francois Lenoir
Even so, Canada Goose Online this week survey of 50 analysts showed the euro zone economy canada goose uk outlet will struggle to gain any momentum after emerging from its lengthy recession in the second quarter, ekeing out growth of 0.3 percent.
From here on, Canada Goose online the poll suggested euro zone gross canada goose clearance sale domestic product will rise only around 0.2 to 0.4 percent in each quarter into early 2015.
Europe biggest economy, Germany, has Canada Goose Jackets led the currency union nascent recovery so far, although other big euro zone canadian goose jacket countries like Italy and Spain are still languishing in recession. And France, the No. 2 economy, cut canada goose uk black friday its 2014 canada goose black friday sale growth forecast on Wednesday.
Still, most economists 21 out of 33 said they were confident the euro zone recovery is durable. The remaining 12 said they were not.
very confident Canada Goose Outlet that it will last, but not confident regarding an acceleration of economic activity, said Jean Louis Mourier, economist at Aurel BGC.
Only one economist forecast a return to recession from now until the end of canada goose next buy canada goose jacket year.
That newfound sense of confidence was reflected in forecasts for the euro cheap canada goose uk zone, Britain and the United States too.
Fifty four out of 66 economists across cheap Canada Goose these polls said they were confident developed economies can carry world economic growth canada goose store through the Federal Reserve expected reduction of its monetary stimulus and slowdown in emerging markets.
The remainder were not confident. central bank unwinding its policy stimulus risks being greater now than in 1994, when it started a tightening cycle and bond markets crashed.
A Reuters poll on Monday showed the Fed will canada goose factory sale announce next week it will trim its spending on monthly asset purchases by $10 billion, a smaller amount canada goose uk shop than previously expected.
Although the euro canada goose coats zone uk canada goose outlet economy is improving, the spectre of political unrest still haunts its progress.
At the moment, Italy, the world fourth largest debtor, is the biggest worry. Its web site online Canada Goose Outlet https://www.canadagooseoutlete.com borrowing costs rose on Wednesday, pushed up by fears the governing coalition will not survive if former prime minister Silvio Berlusconi is expelled from the Senate following a tax fraud conviction.
The poll also showed economists were largely in tune with the European Central Bank canada goose coats on sale plan to keep interest rates Canada Goose sale low an extended period with the consensus showing the main refinancing and deposit rates on hold at record low levels until at least early canada goose clearance 2015.
ECB President Mario Draghi said on Thursday it was ready to cut interest rates or pump more money into the euro zone if it needed to bring money market rates down and help the euro zone very green recovery.