Europe

At a glance - European markets - January 2011

2010: modest recovery confirmed

As expected, the vigorous growth recorded in the Euro area and the United Kingdom (respectively 1% and 1.2%) during Q2 2010 slowed down during the second half of the year. Moreover, as the key factors that drove growth in 2010 are fading away, recovery will lose momentum in 2011. However, there are still divergences amongst the Euro area countries with Germany expected to keep on growing at a rapid pace while peripheral countries should experience both low inflation and slow growth. France should stand in the middle of the pack, in line with the European average GDP growth.

Author(s): several

Source: BNP Paribas Real Estate

Published: 26.01.2011