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Pace of eurozone recovery slows
JICWyllie
follow
0
9-29-2009 11:03 AM
58 views
tags:
1-confidence
,
1-deflation
,
1-recovery
,
2-risks
,
2-uncertainty
,
3-forecast
,
3-reported
,
4-eu
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1a89ca83-2927-45e9-8a48-7febe0ba4f62/58926499-024A-44A8-919D-21A4595092FB/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html" href="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html"><P>Eurozone economic confidence has returned to levels last seen a year ago but the pace of the 16-country region’s recovery is showing further signs of losing momentum.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html">The European Commission reported that its eurozone “economic sentiment” itor had risen from 80.8 in August to 82.8 in September. That was the highest since the same month in 2008</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html"><P>However the Commission pointed out that the index remained well below its long-term average and that September’s increase was the smallest since the upturn started in April.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html"><P>Eurozone inflation is currently negative – with prices in August some 0.2 per cent lower than a year before – and is thus massively undershooting the ECB’s target of an annual rate “below but close” to 2 per cent.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/58926499-024A-44A8-919D-21A4595092FB/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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