Car Sales Hint at Europe Growth

The euro zone probably notched up a third quarter of growth at the end of 2013 in a recovery that has yet to convince Mario Draghi as he considers more stimulus.

With gross domestic product forecast by economists to have risen just 0.2 percent in the three months through December after climbing 0.1 percent in the prior quarter, the European Central Bank president has cited that data due this week as a focus of officials. They are preparing forecasts and a menu of possible policy measures for their decision in March.

In Spain, a frontline of Europe’s economic pickup after a record-long recession, retiree Candido Lopez and his wife Asuncion Diaz have already chosen to bet on the recovery. They held off buying a car last year for fear their son might lose his job, but have now decided that the time is right.

Bloomberg

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