The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
The Conference Board Economics Watch® - European View

Financial Crisis Continues but Euro Area Decision Makers Have Relieved Some of the Pressure

  • Inaction by the European Central Bank on sovereign debt purchases and its delay in establishing the European Stability Mechanism (ESM) have raised fears regarding the bank’s commitment to back weaker economies
  • Current economic conditions remain weak and unemployment continues to rise, with no room for upward adjustment of projections
  • China still represents a small but growing market for exports from Europe, while Europe remains one of the primary destination for Chinese exports
  • The less likely event of a short-term hard landing in China could have greater impact on industries and businesses that are highly dependent on export growth to China
  • The shift toward household consumption in China could enhance European growth through exports over the long term


Economics Watch Reports (9 pgs)
Complimentary: Sign in or create an account to download.