Across Europe hopes are on the rise as the worst of the crisis appears to be finally over, GfK reports-- a number of countries show "considerable" growth in some areas during Q2 2013, while the downward trend shows slowdown in others.
The findings come from the GfK Consumer Climate Europe survey covering the economic development, income expectations and willingness to buy among consumers in 14 European countries.
Overall the EU economy registered 0.4% Q-o-Q growth during Q2 2012, with "Considerable" increases in France, Germany, Portugal and the UK and at least "slight" recovery in the still-shrinking Spanish and Italian economies.
French foreign trade deficit declined significantly, Greece managed to achieve a positive trade balance, and unemployment declined for the first time in 2 years in Portugal.