Key Forecasts 3
Back from the abyss 5
A marathon not a sprint 5
Growth outlook 9
Will the markets lose patience again? 16
How will the ECB respond? 17
UK growth better but still weak 18
What next for BoE policy? 20
Periphery at a glance 23
Spain 24
Italy 25
Ireland 26
Greece 27
Portugal 28
Rescue Packages 29
Key European forecasts and
statistics 31
GDP 32
Consumer prices 33
Consumer Spending 34
Budget balance 35
Debt 36
Unemployment 37
Demographics 38
Economic infrastructure 39
Eurozone 40
Germany 42
France 44
Italy 46
Spain 48
UK 50
Norway 52
Sweden 53
Switzerland 54
Czech Republic 55
Hungary 56
Poland 58
Russia 60
Turkey 62
Romania 64
Disclosure appendix 67
Disclaimer 68