Eurozone PMI Growth Slows as Roubini Voices Concern
More and more experts are voicing concerns about the eurozone's growth, and some believe that the region, or parts of it, could have a double-dip recession. The new austerity packages that many EU nations and the U.K. have put in place will mean stimulus programs will disappear. A number of these are married getting married tax increases that could be regressive, hitting wages and businesses to the point where spending drops sharply.
The debate over the effectiveness of stimulus versus government cost cuts aimed at deficit reduction will go on for a long time. The results of the decisions will be felt almost immediately.