Eurozone: As good as it gets?
It has been a while since the Eurozone was in as good economic shape as it is today.
To be precise, it was more than a decade ago, back in 2007, when the Eurozone achieved a growth rate higher than last year’s 2.5%. Though political risks have receded; they have not yet disappeared, and new risks are emerging. The political situation after the elections in few countries is complicated, and the biggest threat for the export-oriented economies of the Eurozone are new protectionist trends in world trade.
The article examines the Eurozone's substantial growth rate and the risks, mainly from international politics, facing the Eurozone economy. If tensions escalate and result in a trade war, will Europe’s growth be endangered and thus the growth of the world economy as a whole?