The euro zone in 2017 likely recorded its highest level of GDP growth for a decade, with the figure forecast to come in at around 2.2 per cent. Today’s outlook for Europe is in sharp contrast to when the European Union was reeling from the sovereign debt problems of its member states of Portugal, Ireland, Greece and Spain, known by the acronym PIGS, triggered by the financial crisis of 2008.
Initially, the bad news was focused on Greece, where the true scale of government debt was…
Source : South China Morning Post
Read more…With Europe’s laggards on the mend, are they now a good bet for commercial property investment?
