The recent upward revision to our forecasts for the US and UK economies has prompted only a modest increase in our euro-zone forecast given less convincing signs of a recovery so far and a disappointing policy response in the region. However, we still expect the relatively low level of household debt to mean that the euro-zone begins to catch up from 2011.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.