Return of economic growth in Europe - What is the Europeans finally did, right?

European economies continue to move in a unified and impressive economic growth to make slight movements. To improve the performance of the economy linked to some of the world of strong economic growth. It would also link the work of the entire African continent, they are more agile than a few years ago. Recent policy to display correctly in France, the French economy will show a more extensive signs of growth in the coming yearsExpectations of a year ago.

Europe's economic growth in 2006 over the past six years, the highest level. The broader 27-nation European Union, is covered in real terms (adjusted for inflation) in 2006, 3.0% economic growth. Last year 13 countries in the euro saw growth of 2.7% in real terms.

Growth forecast by the European Commission adopted in 2007 - in the European Union's executive body - see a real growth of 2.9% of greater Europe, the euroThe United Nations, 2.6% growth. In both cases, the economic growth rate is likely to be greater than in the United States found

A wide range of European unemployment rate in March 2007, 7.2%, since the lowest level in 14 years. In contrast, the U.S. unemployment rate is currently 4.5%.

2008 forecast for economic growth in Europe is somewhat weaker than this year's expectations. On the contrary, most of the United States in 2008 real growth forecast again in the vicinity of 3.0%.

Some export-dependent European countries, in particular,Germany, who is due to strong growth in the world economy and export demand. While a stronger euro could, in theory, according to European exports, this development is not occurring.

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According to some measures, the European economy is similar to the U.S. economy 2-3 years ago. From June 2004, the U.S. Federal Reserve - the U.S. central bank - began to tighten monetary policy to reduce inflationary pressures in the long process ofStrong U.S. economic growth linked to. One such program is currently in Europe.

The European Central Bank (ECB), raising its key short-term interest rates since December 2005 7 times. The European Central Bank recently announced that it will further strengthen in June to promote the rate of 0.25% to 4.00%. In addition, the Bank of England ... Yes, the Central People's ... its benchmark interest rate increased to 5.50%, the recent six-year high. The World Bank's strong economic growth and the United KingdomA major investment company as its reasons.

Many economists believe that move or two days before the end of last year. In contrast, America's most important short-term interest rates unchanged at 5.25% since the end of June 2006 has been moved to 17 after tightening, many fortune-telling, including myself, see the light of the opportunities in the end of 2007 the Federal Reserve facilities.

Labor flexibility

Therefore, the Europeans finally did, right? In another strong growth in global economic growth, the German people,Spaniards, and others presented their work the economy greater flexibility. As a result, some European companies are more willing to hire at home, while the current recruitment and job transfer to Eastern Europe.

Moreover, the recent French elections is the French economy competitive, it is expected a bumpy ride. In the previous pro-choice United States, free market, President Nicolas Sarkozy suggested that France eventually bow the reality of the 21st centuryGlobal competition.

This is not with the French leaders saw the "French things" to do its own way in the past quarter-century situation. Double-digit unemployment and millions of young people have limited employment opportunities, in recent years, finally, the electorate's attention.