Eurozone economic climate indicator improves again; Ireland seen as only member country economy worsening in coming six months
Nov 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Ifo Economic Climate for the Eurozone improved in the fourth quarter of 2009 for the third time in succession. The rise in the Ifo indicator is primarily the result of more favourable expectations for the coming six months, but also the assessments of the current economic situation have improved slightly. This shores up hopes that the recovery in the Eurozone economy will continue in the first half of 2010. Ireland is the only member country of the group of 16, that is seen as worsening in the coming six months.