After Eight Years, the Euro-Zone Economy Has Returned to Pre-Crisis Levels
It took nearly a decade, but the euro zone finally surpassed its previous peak levels of economic output in the first quarter. It has been an uneven recovery for the 19-member currency bloc, as individual countries’ growth rates have varied widely during that period. While some larger economies surpassed pre-crisis highs several years ago, periphery nations such as Italy and Greece remain well below previous levels. This week’s second-quarter gross domestic product estimate release is an early look at whether the region can continue its slow and bumpy recovery story amid uncertainty from the Brexit vote. Despite these concerns, investors should remain mindful that investment opportunities persist among individual companies that can rise above regional issues and shine on the global stage.