The Conference Board Economics Watch® European View
Sign In to Download
The rate of growth in The Conference Board Leading Economic Index® (LEI) for the Euro Area continued moderating in May, which decreases the likelihood of a strong economic recovery in the near future. Given this outlook, the ECB intervened with measures of monetary stimulus in June, so as to prevent a deflationary spiral while lowering the value of the currency and sustaining a stronger recovery. Even though some of the countries most hit by the crisis are improving their competitive positions from both a labor market and an external sector perspective, large divergences across Europe still exist.