The euro zone has probably escaped from its lengthy recession, although there is little prospect the economy will start growing again at a healthy rate before 2015, according to a Reuters poll of 30 economists.
Respondents were almost unanimous that data on Wednesday will show the euro zone economy stopped contracting from April through June for the first time since the end of 2011. The consensus showing modest growth of 0.2 percent on the quarter.
The survey was mostly conducted before industrial production figures published Tuesday showed a 0.7 percent rise on the month in June, growing again after a slight drop in May and reinforcing expectations the euro zone economy is stabilizing.
Source: Reuters. Read full article. (link)