What we have seen over the past few years and we expect to continue to see in 2013 is a process on the public sector side of fiscal consolidation and on the private sector side of deleveraging, both of which will weigh on spending in the economy, suppress aggregate demand and ensure that growth is low.- Huw Pill
European Outlook 2013
- Huw Pill on the Euro Area [4:44]
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Huw Pill, chief European economist of Global Investment Research (GIR) at Goldman Sachs, discusses the economic outlook for the Euro Area with GIR senior strategist Allison Nathan.