Duffy, David; Durkan, Joseph; O'Sullivan, Cormac
December 2011
Quarterly Economic Commentary;Winter2011 -Spring2012, p1
Trade Publication
The article provides an overview of the euro zone economy. Factors leading to recession are identified to be the austerity measures and the policy uncertainty on investment, consumer spending and employment. The state of its banking system is attributed to the write-down of the Greek debt. Its overall picture is compared with the U.S. economy that is performing better than expected. Focus is given to the performance of the Irish economy as well as on forecasts for 2013.


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