Europe's growth, is an good impact on global economy

摘要

The euro area is turning into more of a help than a hindrance for the world economy. With data this week predicted to show the 17-nation bloc is growing again after an unprecedented six quarters of crisis-driven contraction, economists from Barclays Pic to JPMorgan Chase & Co say such stabilisation will restore the region as a prop, if not a powerhouse, for international demand and financial markets. We are not expecting a boom in Europe, but there is a momentum shift, and you are going to feel it in markets and the world economy, said Joseph Lupton, a senior global economist at JPMorgan Chase in New York who also has worked at the Federal Reserve. There is a change in perception from when people did not see a way out of the crisis to now seeing growth. Lupton estimates the euro area accounts for a fifth of global gross domestic product, so a one percentage point home-grown improvement in its economy this year will be enough to boost GDP growth elsewhere by 0.7 percentage point over four quarters.