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Atkins, Ralph


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1 article of this author has been cited in the European Press Review so far.


Financial Times - United Kingdom | 25/08/2008

Unfounded fears?

The Financial Times questions whether the Eurozone is really facing a recession. "After a growth sprint at the start of the year, the region's economic fortunes appeared to deteriorate fast. ... Here are [some of the] reasons why the eurozone's economic malaise might have been exaggerated and why we could even see positive signs in the coming months. … Oil and commodity prices have fallen back, ... easing the main constraint on growth ... [which] will have a 'relatively fast effect' on consumer spending. ... The eurozone housing market overall has not collapsed. ... Unemployment remains ... low ... the euro has fallen by about 8 per cent ... which should help eurozone exports. ... Global financial market turmoil shows few signs of wreaking significant economic damage directly on the eurozone ... Bank lending to businesses remains strong and eurozone consumers' finances, generally, are not over-stretched. ... No fundamental flaws have been found in the main engines of eurozone growth."

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