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The Conference Board Economics Watch® - European View
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Publication Date:
July 2013
Financial Stabilization and Rising Confidence May End Contraction in Euro Area
- The Conference Board Leading Economic Index® (LEI) for the Euro Area increased in June, its fifth gain in the past six months
- Business and consumer survey results suggest that the Euro Area could achieve modest third-quarter growth
- This somewhat better outlook is connected to a stabilizing financial environment, which must be maintained to create conditions for recovery
- Still, investment prospects remain poor due to tight credit conditions and limited upside growth potential
- The weakness of the global economy, especially in emerging markets, is constraining recovery
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