Europe: Optimism to find greater support – Westpac

Analysts at Westpac explain that sentiment toward the Euro Area remains optimistic, not only because of the positive effect that the uptick in global growth and trade are having on the Continent, but also due to better than expected domestic demand from consumers.

Key Quotes

“For some time, we have continued to highlight how confidence and the easier availability of credit have buoyed consumption. These supports are and will remain central to Europe’s aggregate growth story. However, increasingly there is also justification to believe that we may see a strengthening in business investment across the region and, we hope, a more growth–friendly public sector.”