20 July 2018

Eurozone to return slowly to growth in 2013, Ernst & Young report

15 March 12 - RE+D Magazine



Although the Eurozone faces a challenging year with large amounts of public and private sector debt yet to be refinanced, tight credit conditions, further fiscal austerity and more job losses, Ernst & Young said in its Eurozone Spring Forecast predicting a slow return to growth in 2013. But the European Central Bank (ECB) has to continue to play a central role by being prepared to cut interest rates further and purchasing government bonds in peripheral countries.


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