Q3’s GDP release confirmed that the euro-zone economy finally exited recession last quarter. But the expansion was largely down to a slower pace of destocking than in Q2. Unfortunately, despite the recent increase in consumer confidence there was no sign of a pick-up in household spending. In the short term, we remain optimistic that the global upturn will support the recovery in the euro-zone. But with the domestic economy still in a fragile state, the euro-zone’s economic revival could begin to falter next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services