According to recent hard data, next week’s Q2 GDP release may show that the euro-zone’srecovery gained no momentum after Q1’s disappointing 0.2% quarterly rise in GDP. In fact,the performance of industry and exports may even have weakened. The improvement intimely surveys such as the PMI in July provides a glimmer of hope that the euro-zone mayfare a little better in Q3. (See Chart.) But the overall message from recent data seems to bethat the euro-zone’s recovery is nearing a peak before it has really even begun.
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