The Eurozone's Three-Speed Recovery Could Leave Some Members' Competitiveness In The Slow Lane (00:08:57 min)
Various economic indicators confirm our baseline forecast for a three-speed recovery in Western Europe over the next 18 months. The stronger economies are already successfully rebuilding their capital stock, while the slowest economies still need to increase their capital intensity, given the private sector's reluctance to invest in these countries. In this CreditMatters TV segment, Standard & Poor's Chief Economist Jean-Michel Six discusses how uneven recovery across Europe could aggravate structural differences over the long term for countries in the slowest growth track.
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