Euro-zone Dec quarter GDP negative; double-dip recession “likely”

02 February 2021

 

Summary:  Euro-zone GDP contracts in December quarter; result better than expected but annual rate falls further into negative territory; Europe lagging global recovery cycle; “double-dip” likely.   Euro-zone GDP growth has been lacklustre at best since the GFC and the European debt crisis of 2011/12. Despite exceptionally loose monetary policy, euro-zone GDP growth averaged less than 0.5% per quarter from the beginning of 2013 to the end of 2019. In...

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