European Economic Forecast – Spring 2012

Author (Corporate)
Series Title
Series Details No.1, 2012
Publication Date March 2012
ISBN 978-92-79-22818-6
ISSN 0379-0991
EC KC-AR-12-001-EN-C
Content Type ,

Renewed tensions in sovereign-debt markets, high oil prices and decelerating world output growth have all contributed to a sharp loss of confidence towards the end of 2011 and the subsequent output contraction in the EU. Strong policy actions and major advancements in the EU institutional framework have averted a far worse outcome and brought about an easing of financial market tensions as well as a stabilisation in confidence at the beginning of 2012. However, looming uncertainty about economic prospects, re-ignited stress in sovereign-bond markets and concerns about the banking sector are still weighing on economic and financial conditions, albeit with large cross-country divergences.
Source Link Link to Main Source http://ec.europa.eu/economy_finance/publications/european_economy/2012/ee1upd_en.htm
Related Links
Link to this title through its DOI http://dx.doi.org/10.2765/18718
European Commission: DG Economic and Financial Affairs: EU Economic Situation https://ec.europa.eu/info/business-economy-euro_en
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