Um ligeiro crescimento na zona euro

We maintain our forecast for 2014 euro
zone growth of 1.1%.
In the first quarter the German
economy grew at twice the rate of the
prior quarter, led by strong construction
spending.
The picture is more subdued elsewhere
in the euro zone: France stagnated in
the first quarter and Italy’s economy
contracted.
Deflationary pressures pose a threat to
the euro zone's recovery. The ECB
responded by announcing a range of
monetary easing measures in June.
These measures have eased upward
pressure on the euro.
Western
Europe
US Japan
Emerging
markets
Oil
Non-oil
commodities
Monetary     Source: The Economist Intelligence Unit, Global Forecasting Service.