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Forex Flash: Clear danger EZ crisis re-escalates in 2013 - Capital Economics

By FXstreet.com,  January 09, 2013, 08:31:00 PM EDT

FXstreet.com (Barcelona) - News in the Euro zone continue to prove downbeat, with key indicators, according to Capital Economics, "consistent with a deepening of the recession in the single currency area during 2013."

Capital Economics sees a 2% drop in euro-zone GDP, a projection much weaker than general consensus.

"This will both hinder the efforts of the peripheral economies to restore their public finances and maintain the opposition of core economies to further steps towards fiscal union. There is a clear danger that the crisis re-escalates in 2013" they reminds us.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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