Europe Unleashed: Europe’s Four Largest Economies Grow in Unison for First Time in Three Years
EUROPE UNLEASHED
Europe’s Four Largest Economies Grow in Unison for First Time in Three Years
Jerry Robinson / FTM Daily
Based upon the latest GDP figures, the overall European economy has now expanded three quarters in a row. Pockets of confidence are beginning to break out across Europe’s economy and even though Europe’s economy as a whole is still underperforming the U.S. and the U.K., things have certainly been improving on paper for Europe. According to the Telegraph-UK:
“The eurozone has taken a major step towards recovery with the single currency’s four major economies all growing for the first time in almost three years. Germany, Italy, and France all registered expansion in the final three months of 2013, official figures showed, with France avoiding a dreaded double-dip recession and Germany, the region’s biggest economy, performing better than had been expected. Along withSpain, which last month recorded its best quarterly growth since 2008, the countries led the 18-currency bloc to growth of 0.3pc in the final three months of 2013.”
While the growth is certainly muted, it is better than the Euroskeptics expected. The last time Europe’s four biggest economies grew in unison like this was the first quarter of 2011. France was the big surprise here as it was beginning to look as if the French economy was going to experience a double-dip recession. Keep your eyes on European stocks as we expect them to outperform in 2014 and beyond.
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