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Eurozone revival exceeds expectations, but chronic structural, cyclical issues remain

Published Thu, Dec 14, 2017 · 09:50 PM

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London

THE eurozone economy has exceeded the gloomy consensus forecasts that were prevalent 12 months ago, but deep-seated structural and cyclical problems remain.

Morgan Stanley, one of the few investment banks that were optimistic then, continues to predict reasonable growth in 2018. This time, the majority of economists and bankers agree.

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