Europe emerging from recession

Europe is emerging from recession. That is the conclusion arrived at by German market research company GfK from the latest update of its regular consumer climate study covering the fourth quarter of 2013. In nearly all of the 14 countries surveyed, the economic and income expectations of consumers are improving and were higher at the end of 2013 than a year earlier. However, there is still a strong variation between countries regarding the consumers’ inclination to buy.