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2015 will be a watershed year for the evolution of credit in the Eurozone

Our latest outlook for the Eurozone gives more grounds for optimism than we have had for some time.

Falling fuel costs are contributing to “good” deflation, GDP growth is picking up and real household incomes are rising at their fastest since 2001. While divergences in economic performance will continue at a country level, signs are emerging that governments are pushing through much–needed supply side reforms, albeit not at the pace the EU commission would like.

 

For more information, please see the attached file or the Romanian version of the article, here.
 

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ERNST & YOUNG SRL