Investment - Articles - European austerity and recovery delay

 Schroders' European Economist Azad Zangana comments on European austerity and the recovery delay in the latest Economic and Strategy Viewpoint.

 In summary:

 -The Eurozone continues to be mired in recession. The sixth consecutive quarter of negative growth is prompting policy makers to take action. The European Commission is recommending some member states delay austerity, in exchange for more progress on structural reforms, especially in dealing with the growing crisis of youth unemployment.
 -Schroders' forecast for Eurozone growth has been nudged down on the back of continued weakness in leading indicators. UK growth has been revised up thanks to a stronger than expected end to the first quarter. Inflation has been revised down, largely due to falls in oil prices. Better prospects hinge on whether the ECB begins to consider buying securities backed by corporate loans.

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