http://www.bbc.com/news/business-31549178
This article draws conclusions from Markit’s composite flash purchasing manager’s index for the month of February. This month, it was 53.5, up from the number in January. Any number above 50 indicates expansion, and any number below 50 indicates contraction. The rate of hiring is the highest since August 2011 as firms need to meet demand. Even though Greece is having problems, this has not hampered economic growth in the eurozone as it gains momentum. The data indicates that eurozone is more reliant on service sector growth and that jobs are clearly being added, which is what the euro needs at the moment. It seems that in general, the US and Eurozone are both seeing positive growth, but the US economy doing the best at the moment with their recovery. What's you prediction for the next recision? I say 2025.
1 comment:
Expansion in the Eurozone is always a good sign for the world economy. There are numerous benefits not only for the european countries involved but for other countries that trade with these countries. Greece might not be operating at efficient pace but the other countries within the Eurozone seem to be carry the weight.
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