Europe’s economic growth is extremely fragile
Risk is concentrated in one country: Germany
When an economy contracts for two consecutive quarters, it is often considered to be in recession. European policymakers will be hoping that two consecutive quarters of growth are equally notable. Data released on August 14th showed that, in the second quarter of the year, the EU’s economy once again grew by 0.3% against the previous quarter. Although nothing to write home about by American standards, such growth is a relief after more than a year of stagnation.
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This article appeared in the Finance & economics section of the print edition under the headline “Top of the danger list”
Finance & economics August 17th 2024
From the August 17th 2024 edition
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