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Eurozone economy appears to be stabilising

Today's European consumer price index figure gave a welcome uplift to analysts around the world with the news that prices fell by just 0.2% last month against a 0.7% fall the previous month and forecasts of a 0.3% fall last month. It does appear that slowly but surely we are seeing signs of improvement in the European economy, a feeling which was confirmed by a recovery in the French and German economies last month. With the UK government also suggesting the UK economy will move out of recession at the turn of the year there is a feeling that maybe the Eurozone is over the worst and recovery is just around the corner?

However, while the news is certainly starting to turn more positive in Europe there is still a risk that as and when economies move into positive territory we could see a boom in consumer and business markets which could possibly push inflation higher. It will then be up to central banks around the world to work together to try and control the flow of money to consumers and businesses and try to contain any damage which a high inflation rate would do.

There are still many factors to consider even if, as expected, the European and worldwide recession is close to an end.

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