IMF warns Europe of falling behind US on recovery

Europe is falling behind the US in emerging from the economic crisis, with sluggish growth in Germany and recession in France worsening the outlook for eurozone periphery countries, the International Monetary Fund (IMF) has said.

"Recent good news about the US has come with renewed worries about the euro area. Given the strong interconnections between countries, an uneven recovery is also a dangerous one," Olivier Blanchard, IMF chief economist said 16 April 2013 when presenting the World Economic Outlook.

• Primary Source

ESO: Background Information: US keen for Germany to lead EU out of crisis http://www.europeansources.info/record/us-keen-for-germany-to-lead-eu-out-of-crisis/

International Monetary Fund, 16.04.13: World Economic Outlook http://www.imf.org/external/pubs/ft/weo/2013/01/pdf/c1.pdf

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