Understanding the slowdown in growth in 2018

Maarten Dossche and Jaime Martinez-Martin

Economic Bulletin Boxes, 2018, vol. 8

Abstract: Growth in economic activity has moderated significantly in the euro area since the end of 2017. Indeed, quarter-on-quarter GDP growth in the euro area fell to 0.2% in the third quarter of 2018, down from 0.7% in the fourth quarter of 2017. This box assesses the factors which are contributing to that slowdown and looks at whether it should be considered a surprise. In particular, it looks at whether the underlying factors are temporary or of a more permanent nature, whether they have originated within the euro area or externally, and whether the slowdown has been driven by a weakness in demand or a tightening of supply conditions. JEL Classification: E20, E32

Keywords: Economic; activity (search for similar items in EconPapers)
Date: 2018-12
Note: 3577821
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2018:0008:3

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