Doubts loom over eurozone recovery
CNN, February 21st, 2013
http://edition.cnn.com/2013/02/21/business/eurozone-recovery-doubts/index.html?hpt=ibu_c1
Summary
While Germany's prospect of eurozone in 2013 seemed optimistic in the edge of 2012, there are still some difficulties and problems are remained to be solved. Composite output index, which counts both services and manufacturing, of France, the second economically stable eurozone country, was decreased about 0.3 from last months, and the index of other eurozone countries were dropped about 0.2 to 0.3 in average. Even though this recession casts a doubt whether eurozone is able to successfully recover from financial crisis, most economists seem to have an optimistic stance on eurozone's recovery, considering such drop as "reality check" that may allow eurozone to take further actions in propelling economic growth. Still, the future of eurozone in this year is an ocean covered with thick mist.
My opinion
Since eurozone did not take many actions for solving the economic problems for this year, it is hasty to stipulate that the future of eurozone will be as bleak as it was in last year. Though it could be merely an optimistic speculation, many economists and analysts prospected that economics condition of eurozone will further get improved in this year, and eurozone countries are ready for adjusting policies and carrying out projects to face the problems. Unexpected reduction in production rate would be frustrating for most of the eurozone countries; however, this recess can be a good chance to look for faults in eurozone economy system and lead out further progress in this year.
I agree with your opinion. With economic situations looking bleak, the countries have to learn to economize.
ReplyDeleteSorry, eurozone! Absolutely they are destroying and seem they are gradually losing power... They really need to improve more and try to find out the best decision
ReplyDeleteI agree that the countries have to improve to cope with unexpected reduction in production rate.
ReplyDeleteAs Eurozone did not care about their economic problems, they had no choice but to experience economic depressed. However, as you mentioned, I also have same opinion that countries, which are included in Eurozone, can have a great opportunity to recover their broken economic situation by finding best economic choices.
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