The downturn in the euro-zone economy largely reflects the temporary squeeze from high inflation rather than a fundamental adjustment triggered by the credit crunch as is the case in the US and UK. Accordingly, we still expect the region to perform relatively well over the medium-term.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services