Posts tagged Spain
European Industrial Outlook: A Two-Speed Recovery

Europe’s medium-term outlook calls for further strengthening in the pace of growth, absent a slump in confidence related to the Greek sovereign debt crisis. GDP jumped almost a full percentage point since our last report six months ago, though employment remains flat amid lackluster investment. Offsetting feeble capital formation has been a more accommodating fiscal stance by governments, which boosted public spending. The European Central Bank’s bond-buying program is instilling confidence that the deflationary tendencies of the previous year have been arrested. GDP is now slated to advance as much as 1.5% in 2015 and at a slightly faster pace the following year.

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