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RGE's Q2 2010 Eurozone Outlook

RGE's improved outlook is mostly concentrated in the manufacturing sector, where industrial production data for January and February registered a welcome bounce-back in line with the soaring PMIs. The March PMI reading finally crossed the 50 threshold although the hard data continue to disappoint. New orders for January are mixed, with only Germany clearly profiting from the improved external environment among the large economies. The effective euro depreciation of about 6% since H2 2009 will allow the eurozone, driven by Germany, to participate more comprehensively in strong world growth momentum through improved exports.

Manufacturing activity, however, accounts for only about 18% in the eurozone and the outlook for services, which are mostly driven by domestic demand, is much more subdued. Indeed, retail sales continue to decline and new car registrations have been slowing down sharply in view of the gradual phasing out of car scrappage schemes across different eurozone countries

Read the Q2 2010 Eurozone Outlook

Daily Digest

Analysis

European Economic Forecast - spring 2010

EU Commission  May 05, 2010

News

Eroglu victory worries Cyprus government

Financial Times  Delphine Strauss Apr 20, 2010

News

Nationalist victory threatens Cyprus peace process

EU Observer  Leigh Phillips Apr 19, 2010

Analysis

Monthly Bulletin, April 2010

ECB  Apr 15, 2010

Analysis

Challenges Facing European Monetary Union

Centre for European Policy Studies  D. Gros, T. Mayer, U. Häde, J. Pisani-Ferry, A. Sapir, J. Matthes, D. Mabbett, W. Schelkle, W. Kösters, P. Grauwe and D. Lachman Apr 14, 2010

Analysis

The Cyprus talks: A fillip for Talat?

Economist  Mar 11, 2010

RGE Writings

Bremmer-Roubini 2010 Global Forecast

RGE Analysts' EconoMonitor  Nouriel Roubini and Ian Bremmer Jan 28, 2010

Analysis

ECB Financial Stability Review: A Few Comments

BNP Paribas  Luigi Speranza Dec 21, 2009

Analysis

A Mediterranean maelstrom

Economist  Dec 10, 2009

News

Cyprus adds obstacles to Turkey EU accession

Financial Times  Tony Barber Dec 08, 2009

News

Turkey warns on EU sanctions over Cyprus

Financial Times  Tony Barber Dec 03, 2009

Analysis

Eurozone Exits Recession with GDP Growth of 0.4% in Q3

Global Insight  Nov 13, 2009

News

Lost homes and legal battles: Cyprus

European Voice  Nov 05, 2009

News

Eurozone jobless rate to rise into 2011: EU

EU Business  Nov 03, 2009

Analysis

Cyprus downbeat on unification talks

Financial Times  Tony Barber Oct 29, 2009

News

Greece, Cyprus voice support for Turkey's EU bid

Southeast European Times  Oct 20, 2009

News

Cyprus tourist arrivals plunge

AFP  Oct 16, 2009

Analysis

Ankara Reacts Positively to Papandreou's Stance on Cyprus

Jamestown Foundation  Emrullah Uslu Oct 07, 2009

Analysis

Cyprus: Reunification or Partition?

International Crisis Group  September 2009

News

ICG warns of possible Cyprus partition

Financial Times  Delphine Strauss Sep 30, 2009

News

Turkish Cypriot leader gloomy on UN talks

Financial Times  Tony Barber Sep 15, 2009

News

Cypriot Economy to Shrink 0.5 Percent This Year on Tourism Drop

Bloomberg  Maria Petrakis Sep 12, 2009

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