Eurozone Recession & Stagflation Risk
ECRI
3-March-2008
While growth in the U.S. economy has clearly slowed, with a very distinct possibility of recession, there has been much debate about the fate of the Eurozone economy. Initial support of the "decoupling" thesis gave way to gradual acceptance that a slowdown was unfolding in the Eurozone.
ECRI’s regional leading indexes had been predicting that such a slowdown was imminent even before the U.S. subprime fallout. Now, an analysis of the latest Eurozone leading indicators suggests that recession risk is no longer unique to the U.S.
This information is excerpted from a full report issued on February 28, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.