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Europe's economic situation is stabilizing following several quarters of deterioration caused by the uncertainties surrounding world trade and Brexit. It seems that there is chance of improvement and that the risk of recession has reduced.
I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.
For many months now, there have been doubts surrounding both the global and, in particular, the European economy, given the emergence of a potential trend towards lower growth. As with all cycle changes, uncertainty is high and medium-term forecasting is difficult.
One situation that is often used in works of fiction is the existence of an underlying, unresolved tension between two of the characters, let’s say dealing with feelings, which goes on to affect the development of the plot.
Official GDP figures have been revised up in 3Q to 1.02% QoQ, which implies a higher projection for 4Q17 (BBVA-GAIN: 1.04%). Further gains in confidence are not fully reflected in hard data. Global trade recovery continues, but at a slower pace. Global headline inflation accelerated in November driven by volatile components…
El comercio mundial no destaca positivamente en un entorno de crecimiento económico moderado y de incertidumbre en las economías emergentes, precisamente las impulsoras de su dinamismo antes de la crisis de 2007-2009.