Characterising the current expansion across non-euro area advanced economies: where do we go from here?

Alina Bobasu (), Mariarosaria Comunale, Ramon Gomez-Salvador and Lucia Quaglietti

Economic Bulletin Boxes, 2019, vol. 2

Abstract: This box looks at the current phase of the business cycle in major non-euro area advanced economies with a view to assessing the factors behind the transition to weaker growth.It shows that in several key advanced economies the output gap is currently in positive territory, with activity still expanding faster than potential. Although growth in non-euro area advanced economies has been slowing, signals of a severe slowdown or recession appear contained. This notwithstanding, downside risks abound and have increased lately. JEL Classification: E32, F44

Keywords: advanced economies; Business cycle (search for similar items in EconPapers)
Date: 2019-03
Note: 375755
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Citations: View citations in EconPapers (2)

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