The Conference Board Economics Watch® - European View

  • Authors:
    Brian Schaitkin
  • Publication Date:
    June 2013
  • Report Number:
    EWEV_V3N5

Though Financial Conditions Are Improving, Euro Area Economy Remains Too Weak to Emerge from Recession

  • The Conference Board Leading Economic Index® (LEI) for the Euro Area increased slightly in April after small declines in March and February
  • Business confidence remains weak and current surveys of business activity suggest Euro Area and most countries are still in contraction
  • ECB rate cut probably will not do much to help improve borrowing conditions in troubled economies
  • Economic contraction and high unemployment rates in many European economies have caused increased discussion about austerity
  • The Conference Board’s analysis for evolution of debt-to-GDP ratios in Germany and Spain shows that a sustained improvement in productivity growth can help bring public debt under control over the long term

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