The Conference Board Economics Watch<sup>®</sup> - European View
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A slower and more volatile LEI for the Euro Area signals moderate growth in the near term
Given the strong growth registered during the first quarter, GDP may be above our 1.6 percent projection in 2011 even if the global slowdown weighs on exports
Headwinds to domestic demand – like the debt crisis and the uncertain inflation outlook – represent a downside risk for 2012
Of course, the headline number continues to hide divergence between core and peripheral countries, but an improved framework should limit the tensions within the Euro Area
