The Euro Economy Shows Signs of Improvement

The Euro Economy Shows Signs of Improvement

It has taken a while but the euro zone economy is finally showing signs of improvement.

According to analyses that have been carried out about the region there are various aspects which have surpassed the expectations of many analysts. In addition to that data which has been obtained from four blocs which form the largest part of the euro zone economy have beaten consensus forecast which were set several analysts with many topping the highest prediction.

These latest turn of events in euro zones economy, which comes even as concerns about the inclusion of Greece in the euro zone increase, goes to prove that fears of a deflationary spiral in Europe is coming to an end.

The largest economy in euro zone, Germany, is without doubt the leader. In Germany the retail sales growth for the month of January nearly tripled the highest focus which was set out in the begin and this helped the euro zone to record high euro zone figures to more than 10 times of what it was expected.

According to several economists, the key factors which have led to the improvement of the euro zone economy are a greater discretionary income which has been given to consumers due to a fall in the prices of energy as well as a euro which is significantly weaker.

"Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low," said Christian Schulz, economist at Berenberg Bank.

"It now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse."

 

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