Global Economic Tracker—Insights and Trends (GET-IT)—Western Europe Quarter 3, 2015

Description

Economic conditions in the Eurozone economy are set to improve in Q4 2015 driven by robust domestic demand, as private consumption is improving. The uncertainty cloud regarding Greece has settled to some extent on agreeing to a tentative bailout agreement to address its debt crisis. Exports are also reviving, prompted by a weaker Euro. Low oil prices are, however, holding back the pace of growth, and price stability is vital for the region’s recovery. France, Germany, and Italy are aggressively working to implement structural reforms in order to phase out growth uncertainty in their economies. Spain has emerged as one of the most flourishing economies in the Eurozone supported by improved consumer confidence and booming export growth.