RGE's Wednesday Note: Multiple Risks From a Multispeed Eurozone Recovery

RGE's Wednesday Note: Multiple Risks From a Multispeed Eurozone Recovery: "

Though the
eurozone's recovery from recession has been better than we initially envisaged,
we see a set of external and domestic pressures—some persistent, some new—as
potential threats to 2011 growth. As we discuss in the September update to our 2010 Global Economic Outlook, the standout performance of the
core and Northern European economies, particularly Germany, alongside renewed
weakness in the periphery is giving rise to a multispeed recovery. This adds a
new set of risks—such as the implications of one-size-fits-all monetary policy—to
the existing list.

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