Poll: Euro zone recovery hopes fade further into 2013

By REUTERS
December 12, 2012 16:58

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

LONDON - Chances of a recovery for the euro zone economy have faded further into 2013, according to a Reuters poll of economists who say the recession has deepened over the last three months.

Huge questions over the health of some of the region's biggest economies make any kind of major rebound for the euro zone extremely unlikely next year. That may have to wait until 2014, and quite possibly later.

The currency union will see no better than stagnation early next year, before finally achieving paltry growth of around 0.2 percent in the second quarter, Wednesday's poll of more than 70 economists showed.

The outlook represents a new low since Reuters started polling on the 2013 outlook in January. No economist in the survey now believes the euro zone economy grew in the current quarter.

Overall, economists expect a full year average growth rate of zero for next year.

Related Content

Breaking news
August 19, 2018
Egyptian monks sent to trial over killing of bishop

By REUTERS