Examining Growth of Major Economies in the Eurozone
Although the eurozone contracted by 0.4 percent in 2013, the largest economies in the region showed positive growth that will continue into 2014. Germany will achieve a small economic boost in 2014 dependent on exports, meaning any external shocks could weaken the economy. France will also see positive but weak growth alongside high unemployment rates and structural reforms are imperative to revitalise the economy. Italy will finally see small positive growth after two years of economic decline, with public debt being a major concern. Although these economies are expected to grow, the economy across the region will have to considerably strengthen for unemployment to recede.
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