is satisfactory. The economic situation in France, Italy and Estonia improved somewhat in comparison to the previous quarter but still remains unfavourable, in the opinion of the World Economic Survey (WES) experts
opinion in France and Denmark is more pessimistic: 46% of French and 45% of Danes say it is harder to find a job now than a year ago.
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Similarly, in France, real GDP growth was driven by private consumption and net exports, offset partly by significant destocking. In Germany, net exports again provided the main driver for overall growth
the forecasting horizon.
Nevertheless, private consumption in the Eurozone should lose momentum in Q2, mainly as a result of the expiration of the car scrappage scheme in France. Consumption should be more robust
of respondents are even forecasting an upturn in business. Italy seems to be lagging behind, with a negative index (-29). However, France and the United Kingdom stand out as the most pessimistic markets (with