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Europe
Publication year - 2013
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12037
Subject(s) - economics
The Eurozone's resilience was tested again with another episode of political turmoil in Italy and financial market tensions related to the US government shutdown. But the region withstood the shock with only brief and very limited movements in financial markets. This stability suggests that the economic recovery is well established, albeit slow. We forecast 0.1% quarter‐on‐quarter in Q3 and with only a small improvement in Q4, 2013 as a whole should see Eurozone GDP contract by 0.3%.…