Krzysztof Bledowski, Ph.D., senior economist
Kris believes that Europe's second recession probably hit bottom in the second or third quarter of this year. Net exports are the main contributor to the turnaround, mostly because of falling imports. An inventory swing provides a secondary boost. On the negative side, fixed capital formation is still weak while consumers remain on the sidelines. He concludes with what to expect from political leaders in the near future. Economic Update

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