Slow recovery

摘要

The Euro zone's economic recovery will remain gradual, with tensions in Ukraine and the Middle East adding uncertainty to an already difficult economic environment. Real GDP looks to be growing at only lacklustre rates this year. Although there has been an improvement for Spain, there is weakness in Belgium and Italy. Even Germany is now showing only marginal gains, despite a strong first quarter. On the plus side, Euro zone unemployment has dipped slightly and employment and real wages are rising a little.