S&P Report Says The Eurozone Should Leave Its Mild Recession Behind By Late 2012, Despite Risks Feb 12
- ID: 2047754
- February 2012
- Standard & Poors
PARIS (Standard & Poor's) Feb. 2, 2012--The eurozone should gradually climb out of its mild recession in the second half of this year and into 2013, said Standard & Poor's today in announcing the publication of its report "Assessing The Severity Of The Eurozone Recession Is A Close Call." "The core countries will likely lead the way back to growth, with other member countries delivering diverging performances," said Jean-Michel Six, Standard & Poor's EMEA chief economist. Under our baseline forecast for 2012-2013, which we updated at the end of 2011, we project flat GDP growth for the eurozone as a whole in 2012 and 1% growth in 2013. We currently assign a 60% probability to our baseline forecast, versus 40%...
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