Eurozone Isn’t Recovering: Natixis

The Eurozone recovery has been lagging behind the US, but the consensus view is that GDP growth will continue to tick up over the next few years, reaching 1.5% in 2016 and continuing up from there, with Eurozone bears warning that the sovereign debt crisis could easily flare up again. But according to Natixis chief economist Patrick Artus even the meager consensus growth projections are overly optimistic.

“We see that the forecasters still expect an economic recovery in 2015-2016. In view of the specific situations of the four largest euro-zone countries, we find it very difficult to believe this scenario will unfold,” writes Artus.

Germany will...

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