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Title
Europe.
Abstract
The article presents an economic forecast for Europe for 2010. Growth is expected to slow down given the end of stimulus packages. Mounting unemployment and deleveraging is seen to halt domestic demand, while the appreciation of euro hampers exports. Several factors are cited for the weakening of credit, such as the decline in demand and activity and capital formation. Credit risk and bad loans are likely to increase despite improvements in bank profitability and solvency ratios due to the slump in economic activity.