“Given that we have seen almost a year’s worth of quantitative easing, there is a concern that policy is proving somewhat ineffectual,” he added.
Williamson sounded a further note of caution over one particular country in the bloc. “But dig deeper into the numbers and the concern is mainly focused on France. Germany, Italy, Spain and Ireland are all enjoying strong expansions, but France is showing signs of stalling once again. A rebound in France is needed to help drive a strong year of growth for the region as a whole.”
