European Economic Forecast – Spring 2012
||11 May 2012
The European Union's economy is currently in a mild recession. But a gradual recovery is in sight. Uncertainty about economic and financial prospects remains high, but strong policy actions and major advancements in the EU institutional framework have brought about an easing of financial market tensions in the beginning of 2012 and a tentative stabilisation of confidence, expected to further strengthen over the forecast period.
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