Wednesday, January 31, 2018
Europe's Economy is Improving. Why?
1.) Debt Crisis Handled: The debt crisis where Greece, Ireland, Portugal and Cyprus needed a bail out have been dealt with. While they will continue to be a drag on the EU economy they have a plan going forward and the immediate crisis is over.
2.) Global Trend of Growth: Global markets are changing, technology is innovating, and communication is connecting to create greater value for consumers. Demand is rising and people are buying more items. EU fits within a general global upward swing the same as the U.S., India and China.
3.) Global Adjustments: Major global adjustments such as ISIS and international conflict have temporarily subsided. Likewise, countries and their way of interacting and trading is become more settled and there is a level of trust in the global economic system.