Research Center
Europe
Q2 2009
BNP Paribas Economic Research survey data showed that after collapsing in Q1 2009, Euro area activity has further contracted in Q2 but at a much slower pace. The economy is expected to under perform for several quarters, and strong sustained growth will not return before the second half of 2010. The United Kingdom is likely to rebound earlier; even though estimates for Q2 GDP growth of -0.8% over the quarter still show the economy is contracting.
Source: BNP Paribas Real Estate
Published: 13.08.2009
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