According to the latest European Economic Forecast polling, the seasonal report on the economy behaviour of the euro zone, the Eurozone countries are slowly coming out from the recession that characterized them in the last years. This is demonstrated by the estimates on GDP growth: the data published by the European Commission show that 2013 ended with a GDP decrease of 0.5% compared to the previous year, but already in the second half of last year the growth restarted. Therefore, predictions say that in 2014 and 2015 the economy will grow again by 1.1% and 1.7% respectively.
Europe is therefore showing feeble recovery signals. Not only the positive estimates of European Commission on the economic outlook, but also the macro-economic data indicate a bit brighter future. This is confirmed by the so-called ‘PMI composite’, the polling on the general situation of european companies, that reached 51.70. Also the Economic Sentiment Index is now above the historic average, at 98.50: this is a symptom that the industrial activitry is restarting to run and the confidence of both consumers and producers is increasing.
On the other side, according to the results of the latest Eurobarometer polling, in Europe a prudent optimism is spreading about the prospects of EU economic situation. More than 50% of european citizens declared to be optimist regarding the future of EU. As a whole, 43% of citizens thinks that EU is going in the right direction to come out of the crisis and to afford the new global challenges. The number of Europeans sustaining that the impact of the employment crisis alredy reached its top is growing.
In the light of these predictions, also Costante Sesino entered into 2014, that finally could be a turning year. This is a wish that we want to share with everyone is following us.