Tuesday, 28 February 2012
eurocoin indicator points to 0% growth in eurozone
The eurocoin indicator (source:http://eurocoin.cepr.org) improved in fberuary, just like in January, but is still marginally negative. That points to a growth of 0% in the first quarter in the Eurozone. The good news is that November/ December seems to have been the low point in growth.
The higher oil price could cause negative growth in the second and third quarter, but that shouldn’t be very negative numbers.