Should Europeans fear recession?

Colin Macleod

This brief paper summarises the prospects of recession for mainland Europe and the UK. A decline in the European Sentiment Indicator over the two years to January 2008, as well as other indicators, point to a definite slowdown across the continent.

Should Europeans fear recession?

The View Across Europe 

By Colin Macleod, WARC.com Recent media interest in the possibility of a recession in European economies such as the UK mirrors a downward trend seen in growth forecasts for the region as well as in measures such as the European Sentiment Indicator (ESI) - a monthly index produced by the European Commission combining results from consumer and business confidence surveys. After reaching a low point in the spring of 2005, the index for the Eurozone picked up over the remainder of the year and by early 2006...

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