In a marginally improved outlook for the region, the unemployment rate is expected to fall to 12% this year and 11.3% next year. The fiscal deficit for the region is projected to come in at -2.4% in 2014 and -1.6 next year.
But there are still huge disparities in the region, with many member states in the south facing major challenges as they attempt to restore fiscal rectitude.
The Euroframe indicator is put together by the ESRI and research institutes from nine other EU countries.
The 2014 winter economic assessment of the eurozone noted hard data such as retail sales, industrial production, and new orders received, have until very recently, not embarked on a clear upward trend.
However, industrial production accelerated sharply in November.
The ECB’s outright monetary transaction programme — which pledges the unlimited purchases of short-term debt for any member state that gets into difficulty in return for implementing structural reforms — has helped stabilise financial markets across the region. Read More