The Eurozone’s Economy Slow to Recover
The economy in the eurozone is slowly recovering but remains fragile. Daniel Solomon, Economist at Euromonitor International states that moderate shocks could push the eurozone into another recession. Although key indicators such as the Purchasing Manager’s Index are hitting high levels and inflation in the area is low, credit market weakness continues to remain a problem as European firms are still burdened by excessive debt. In 2018, Euromonitor still expects per capita GDP to remain 19 percent below pre-crisis levels in some of the worst effected countries.
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