The periphery countries have shown some weakness in line with the rest of the euro area. However, measured in terms of PMIs, Ireland and Spain have been less negatively affected than the rest of the euro area and we expect the growth rate in 2014 to be the highest since the financial crisis kicked in. Portuguese leading indicators remain consistent with a continued slow recovery, whereas Italy is the weak link. We expect private consumption to increase, as the unemployment rate trends lower
Reported by FXstreet.com 14 hours ago.
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