Tag: Euro Zone

Euro Zone Economy Sluggish Despite Growth Measures

Euro Zone Economy pic
Euro Zone Economy
Image: economist.com

Dr. Antonios (Tony) Antoniou has a background as finance professor with Durham University, where he was responsible for oversight of strategic planning and curriculum development within the Business School. With a longstanding interest in economic prosperity and the globalization process, Dr. Antonios Antoniou follows economic development trends among Euro currency-linked countries.

With the European Union having been buffeted by a number of crises, from Greeceā€™s debt issues to an influx of refugees from war-torn Syria, the 19-strong Eurozone is continuing to experience low growth. A February 2016 Economist survey noted that GDP still lagged behind pre-financial crisis 2008 levels, while the U.S. economy had surged ahead by 10 percent.

The Economist painted this as particularly dire, considering the positive effect that an oil price collapse had had in driving consumer spending growth, which is seen as a pathway toward recovery. Eurozone sluggishness has also resisted measures by the European Central Bank to spark growth through a policy of negative interest rates and quantitative easing, which involves printing money to purchase financial assets. Despite these macro-level efforts, stock markets are unsure of their footing, and exports of key products to emerging markets (for example, German luxury cars to China) have been dwindling.