European Economics

European Economics Update

31 October, 2018

Emissions testing to blame for Q3 slowdown

Data on car production imply that delays related to emissions testing may have been entirely responsible for the slowdown in euro-zone GDP growth from 0.4% in Q2 to 0.2% in Q3. While the underlying pace of growth has slowed compared to last year, we expect healthy gains of about 0.4% per quarter in 2019.

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