EcoWeek of Friday, July 26, 2013

[Rajesh Desai]

Friday, July 26, 2013

Dear subscriber, We have the pleasure to send you the latest publications of your subscription 7/26/2013 5:56:08 PM Editorial Editorial : Japan, euphoria falls back Full authority for M. Abe…and first successes. Prices up again,as GDP growth Caroline NEWHOUSE Eurozone Overview : Is Europe recovering? The Economic and Monetary Union is getting progressively out from the recession where it has been standing since Q4 2011. Nonetheless there is still a long way from economic rebound to a real recovery. Jean-Luc PROUTAT US The week in the US : Good? Better than that? On July 31st, the first estimate of GDP growth in the second quarter of 2013 will be published. It is more difficult than ever to give a forecast. Alexandra ESTIOT Eurozone The week in the Euro zone : Summer agenda This week, before we halt our publication for the summer break, we would like to review the main economic news expected in the eurozone in the first weeks of August Frédérique CERISIER , Clemente DE LUCIA Spain Focus1 : The convergence challenge Without fiscal union, adjustment in the peripheral countries assumes a reduction in both government budget and external deficits. These two objectives are contradictory in the short term Thibault MERCIER France Focus2 : France: never two without three Two rating agencies downgraded France’s sovereign rating by one notch, from AAA to AA+ in 2012. Now they are three. Hélène BAUDCHON See you soon on our web site http://economic-research.bnpparibas.com

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CA. Rajesh Desai