Against this backdrop, and assuming that policy actions at the European and Member-State level will continue to rein in the sovereign-debt crisis, thus allowing an easing of financing conditions and a return of confidence, the EU economy is expected to stabilise at the turn of the year and to embark on a moderate recovery path thereafter. With strong internal headwinds holding back domestic demand, net exports are likely to remain the most important growth driver next year. Although external demand is projected to increase only gradually, coinciding with a gentle reacceleration in global trade, export.
