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Economists: The economy of the euro area is as full of variables as the River Seine.
Jinshi data, July 30th, Colin, a Dutch international economist, said that the euro area economy is like the Seine in Paris. Some days the water quality seems to be okay, but overall, the water quality is bad enough to be worrying. Data released on Tuesday showed that the euro area’s second-quarter economy rose slightly higher than expected. This is a relief, indicating that the euro area is experiencing a sustained recovery. However, doubts about the economic outlook remain as survey data show that the sentiment of businesses and consumers is more pessimistic.