Blog posts tagged by tag: Greece
50 analysts surveyed by FocusEconomics expect Eurozone unemployment rate to average 10.4% this year:
Greece’s growth forecast for 2015 has followed an uninterrupted downward trend this year, dragged down by political turmoil and uncertainty over the country’s debt negotiations with international creditors. In January, FocusEconomics Consensus Panelists expected that the economy would record a second consecutive year of growth in 2015, forecasting a 2.0% expansion. This forecast was largely on the back of surprisingly positive economic data emerging from the indebted nation. Specifically, Q3 2014’s 1.9% annual expansion, which had marked the fastest pace of growth in over six years, suggested that the economy’s recovery was gaining traction and caused panelists to raise their forecast in January.
FocusEconomics Economist Teresa Kersting was recently interviewed by online Swiss financial television channel Dukascopy TV, focusing on Germany and its economic outlook in the near future.
The interview began with a discussion on the fall in German factory orders, which were slightly below what was forecast for the month of May. When asked what the significance of the contraction was for German manufacturing Teresa responded that the Factory Order Index is typically volatile and that the modest contraction of 0.2% was not cause for alarm. Strong growth numbers from April coupled with the increase in demand for orders from outside the EU made up for the shrinking numbers from within the EU and actually “painted a rather positive picture for German Manufacturing.”
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