PARIS — Europe’s economies displayed mixed fortunes in the first three months of the year, injecting a fresh source of uncertainty as central banks consider further steps to withdraw crisisera stimulus. Figures released Friday on gross domestic product—the broadest measure of the goods and services produced in an economy—recorded sharp slowdowns in France and the U.K.

But Spain produced steadily strong growth, while Austria and Belgium slowed only slightly. At the same time, a European Commission survey showed business confidence stabilized in April, suggesting the slowdown in the early part of the year was caused by temporary factors such as poor weather and strikes.

Indeed, economic forecasters surveyed by the European Central Bank have raised their growth forecasts for the year as a whole.

The mixed bag complicates deliberations at the ECB and the Bank of England, where policy makers are seeking clearer signals as to the underlying trend before deciding to proceed with reducing stimulus. “The very first thing we have to do is understand exactly…whether it’s temporary or permanent,” ECB President Mario Draghi told a news conference Thursday.

“Whether it’s something that is…the beginning of a more significant decline or it’s simply normalization after a prolonged period of very strong growth.” France’s Insee statistics agency Friday said GDP increased at less than half the pace recorded for the final three months of last year.

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Dan Guez
Écrit par : Dan Guez

Co-Fondateur d’OpenSuccess

Père de famille, Entrepreneur, Chef d’entreprise, mi-Geek mi-Commercial, je suis tombé dans le recrutement digital par hasard en 2001.
Des annonces d’emploi dans la presse jusqu’aux Réseaux Sociaux professionnels en passant par les CVthèques, depuis 2001, je vis cette révolution digitale dans le monde du recrutement avec mes clients recruteurs.


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