Detail The Euro-Zone Economy; North and South   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8785 (May 2012), page 55-56. Topik: Economic Crisis; Economic Policy; Eurozone Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Stricken by fears of a looming Greek exit, the euro zone has at least dodged a double-dip recession. Yet GDP stagnated in the first quarter, after a fall late last year. And that uninspiring outcome, which leaves output unchanged on a year ago, owed much to an unexpectedly strong German economy. The hope is that Germany, which produces over a quarter of euro-zone output, can pull along the rest. But the worry is that the latest bout of euro sickness may sap confidence even in Germany, aborting a broader recovery. The GDP figures for the first quarter laid bare a widening divide between north and south (see chart). Although the Netherlands fell and France stagnated, Germany (whose economy had contracted by 0.2% in late 2011) bounced back with growth of 0.5%, an annualised rate of 2.1%. By contrast, Italy and Spain, the third- and fourth-biggest economies, ran up declines of a shocking 0.8% and 0.3%, respectively. The latest European Commission forecasts suggest that a German recovery will eventually drag the euro zone out of trouble. They show German GDP in 2012 growing by 0.7%. Euro-zone output will still fall by 0.3%, but it should grow by 1% in 2013, spurred by German growth of 1.7%. In practice German inflation may have to be higher still for rebalancing to work. But a more important snag is the renewed loss of confidence as the euro crisis worsens. Surveys for April suggest that the euro-zone economy remains weak. The new uncertainty may hold back investment and make consumers more cautious, even in Germany. Greece may account for only 2% of euro-zone GDP but it is shaking everybody by calling into doubt the currency's supposed irrevocability. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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