European Economics

European Chart Book

4 April, 2019

Economy close to stalling

We suspect that GDP increased by only 0.1% in the first quarter of this year. The divergence between the manufacturing and services sectors has, if anything, increased, and this in turn has exacerbated the gap in performance between countries. Germany is flirting with recession while Italy’s economic contraction has continued. In contrast, activity in both France and Spain is holding up much better. Employment has continued to increase but at a slowing pace, and business surveys show that the labou

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