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Eurozone economic recovery: Humming along just fine

Thursday, Aug 24 2017
Eurozone economic recovery: Humming along just fine

There were no major data releases from Eurozone today. The CEPR Euro Area Business Cycle Dating Committee published on 7 August the first of its bi-annual regular reports on state of the Eurozone business cycle.1 It made three important points. First, the Eurozone expansion is continuing, admittedly slowly but creating employment at a rapid pace.

Second, although lacklustre, the Eurozone recovery from the Great Recession is commensurate with that of the US once the Eurozone double-dip sovereign debt recession is factored in. Finally, the heterogeneity in the pace of recovery of individual Eurozone member countries is driven by the heterogeneity in their recessions.

Last modified on Friday, 25 August 2017
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