Eurozone recession subsides

Conference organised by the JRC "Scientific Support to EU Growth and Jobs: Efficient buildings, vehicles and equipment", followed by the 2013 Greenlight Awards Ceremony. Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science in the podium. (EC Audiovisual Services).

Conference organised by the JRC “Scientific Support to EU Growth and Jobs: Efficient buildings, vehicles and equipment”, followed by the 2013 Greenlight Awards Ceremony. Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science in the podium. (EC Audiovisual Services).

According to the €-coin index the euro area growth remained negative for the 18th month in a row in March 2013, after the index turned negative in October 2011. The index measures the level of economic activity in the entire Eurozone and predicts GDP developments some months before the official data appear. The only positive development over the recent months is that the €-coin index kept rising in March 2013 for the fourth month in a row reaching now -0.12%  in comparison to -0.20% in February.

The source compiling the index attributes this improvement mainly on the rise in share prices over the span of this current month, which more than offset the effect of the decline in the indices of business confidence. €-coin is a real-time, monthly estimate of Eurozone-wide GDP growth, computed each month by the staff of the Banca d’ Italia, the central bank of Italy. It provides a single number summarizing the current economic picture for the euro area.

The competent services of the bank stated that, “the index collates a large collection of statistical data, (industrial production, business surveys, stock market and financial data, demand indicators, and more) and extracts the information that is relevant to forecast GDP. It tracks underlying GDP growth, preceding official GDP releases by several months.

The Centre of Economic Policy Research of the Banca d’ Italia that compiles the index estimates that essentially, the index:

(i) gives a monthly “smoothed” estimate of quarter-on-quarter GDP growth in the euro area;

(ii) highlights the underlying trend by adjusting the growth rate for short-term fluctuations and measurement errors; that is, the index figure is an indicator of the euro area’s actual growth momentum”.

Always according to the same source the negative trend in Eurozone’s GDP peaked in August 2012 with -0.33%, but after that month the index remains negative but the negative measurement steadily declines. If the same trend continues the index may soon turn into the positive area. However given the fragility of Eurozone’s recovery this positive tendency may be easily reversed.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

We can use plastics to change the world for the better

EU Border and Coast Guard: new corps of 10 000 border and coast guards by 2027

IMF: European banks do not perform their duty to real economy

How to get young people in Europe to swipe right on voting

TTIP wins Merkel’s endorsement ahead of 2016 tough deadline

UN recognises role of sport in achieving sustainable development

The banks first to benefit from the new euro trillion ECB plans to print

When is necessary understand the cultural marks in health-disease process

How storytelling can be a force for social change

MWC 2016 LIVE: Intel focuses on 5G “beyond the Powerpoint”

How global tech can drive local healthcare innovation in China

Youth leaders share positive visions of the future, as Guterres launches UN75 in New York

Competition: Commission invites stakeholders to provide comments on the application of EU competition law to collective bargaining agreements for self-employed

Is poverty and exclusion the necessary price for EU’s recovery?

Why the ocean holds the key to sustainable development

‘We cannot lose momentum’ on the road to peace in Yemen, UN envoy warns

‘Water-forecasting’ and fish farms fed on waste: how innovation is driving the blue economy

The European Union and the United States reach an agreement on imports of hormone-free beef

Long-term EU budget: MEPs slam cuts to culture and education

‘The time for action is now’ senior UN peacekeeping official says, urging support for regional force combating Sahel terrorism

Your morning cup of coffee contains 140 litres of water

Trump to subject the Fed, challenge the ECB and make Wall St. bankers even richer

The Challenger Within – Mental Health In Romania During Lockdown

How the Fourth Industrial Revolution can help us beat COVID-19

In Tanzania visit, UNHCR official stresses freedom of choice is crucial for refugee returns

Sudan military committed to ‘ensuring stability’ and ‘peaceful transition’ says senior diplomat, as UN rights chief appeals for protesters’ rights to be upheld

EP President at the European Youth Event: “Your ideas are key in shaping EU’s future”

The invisible L word: the struggles to achieve SRHR, as HIV/AIDS prevention and treatment for lesbian population

Lack of basic water facilities risks millions of lives globally: UN health agency

Electronic Cigarettes: A booster or alternative to Smoking?

5 facts you should know about the world’s refugees

UN chief outlines solutions to defeat ‘four horsemen’ threatening our global future

“We need to accelerate our negotiation on the China-EU Investment Treaty”, Chinese Premier Li Keqiang highlights from the 21st EU-China summit in Brussels

Agriculture and Fisheries Council

COP21 Breaking News_07 December: “The world is expecting more from you than half-measures”, UN Secretary General Bank Ki-moon cries out from Paris

Further reforms needed for a stronger and more integrated Europe

A new world that demands new doctors in the fourth industrial revolution

UN experts report: Business ‘dragging its feet’ on human rights worldwide

How income-sharing agreements can improve access to education

What young people can teach world leaders about mental health in 2020

Euronest: delivering reforms is the best way forward for EU’s Eastern Partners

Young? You should work out the entrepreneurial heart before the mind

Iceland’s slowdown underlines the need to fix structural issues

Two-thirds of global drug deaths now from opioids: UN drugs report

Adriatic Sea: MEPs adopt multiannual plan for fisheries

What’s an ‘essential service’? Not knowing could block access to key digital services during COVID

COP21 Breaking News_04 December: Commitments Made to Reduce Black Carbon, Methane and HFCs

Internet Forum: Prioritize technologies most needed for sustainable development

How teaching ‘future resilient’ skills can help workers adapt to automation

Commission’s action against imports from China questioned

A vision for post-pandemic mobility in African cities

This Filipino journalist is fighting for press freedom in COVID-19 lockdown

EU elections 2019: Rise of nationalist trends and populism in Europe challenges the EU edifice

Here’s what you need to know about Bangladesh’s rocketing economy

Convincing the Germans to pay also for the unification of Eurozone

Visa Facilitation and Readmission: the European Union and Belarus sign agreements

Afghanistan: Civilian casualties exceed 10,000 for sixth straight year

Storms and snow in Lebanon worsen plight for Syrian refugees

Can Kiev make face to mounting economic problems and social unrest?

New UN-supported farming app is cream of crop in tackling Sahel pest

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s