Eurozone’s Low Performance Draw Mixed Reactions
Eurozone is once again back in the lime light and this time with a mixed reaction from the investors and the public. The concern now arises from the inhospitable concerns that the continent will go through a slow growth that might give rise to deflation.
Some people say that the crisis of the Eurozone is back again, whereas some opine that it really never was over.
The market has been disturbed by the gloomy projection from the International Monetary Fund's suggestion of a forty percent chance of going moving back into recession. The poor data signalling at a doubtful recovery, mainly in Germany is also a cause of disturbance which is worrying people.
The American businesses are also getting worried about the stumbling growth in Europe and the double-digit rate of unemployment with the threat of a possible deflation.
On Monday a survey of corporate economists was released by the National Association for Business Economics and it revealed that fifty one percent of the respondents thought the slowdown seen in the Eurozone would have a 'significant' or a 'minor' downbeat effect on the businesses . However the survey showed that forty six percent of the respondents thought that the woes of Europe will have no impact at all and three percent of those who were surveyed thought it would have a 'minor' but positive impact on the businesses.
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