Don’t Expect Europe To Fly Even Though Recession May Be Over

Europe is back. Or maybe it’s not. It really just matters who’s talking and how you frame the issue.

Among the many issues taxing the brains of the best and brightest at the World Economic Forum in Davos, Switzerland, is whether the continent has escaped its recessionary bonds—and is ready to fly again.

The consensus is that the answer to the first part is “yes” while the answer to the second question is “probably not yet.” That’s to say, the worst is probably over but that doesn’t mean things are going to get dramatically better anytime soon.

CNBC

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