The recent news from the euro-zone provides further signs that the economy emerged from recession in Q3. The data from the external sector have been especially encouraging. July’s sharp rise in exports meant that the trade surplus rose to a five-year high of €6.8bn, suggesting that the external sector might have boosted GDP for a second quarter running in Q3. What’s more, our growth forecasts for the euro-zone’s major export destinations point to a further improvement to come. But with domestic demand unlikely to pick up sharply, the recovery in the wider economy is likely to remain fairly sluggish.
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