DBC

Fall 2019 statement of the Committee on the current state of economic activity in the euro area.

Findings

eabcdc_findings_november2019a.pdf

PDF DOCUMENT • 1.33 MB

The euro area recovery, which started after the last trough in the first quarter of 2013, has markedly slowed down since the fourth quarter of 2017. It is by now, 26 quarters into a weak expansion, the slowest of all euro area recoveries to date - and is currently lagging behind the speed of the US recovery.