How the post-COVID-19 US economy lost and then regained momentum against the Eurozone economy

Alexandra Rostan Pierre Rostan

European Journal of Comparative Economics, 2025, vol. 22, issue 1, 129 - 174

Abstract: The objective of the paper is to assess and compare the resilience of the post-Covid US and Eurozone economies. Quarterly growth rates (annualized) of the Real GDP of US and the Eurozone are forecasted between Q4 2023 and Q4 2050. Two sets of forecasts are generated: forecasts using historical data including the pandemic (from Q4 1997 to Q3 2023) and not including the pandemic (from Q4 1997 to Q3 2019). The computation of the difference of their averages is an indicator of the resilience of the economies during the pandemic, the greater the difference the greater the resilience. Used as a benchmark, Eurozone (19 countries) shows a greater resilience to the Covid-19 pandemic (+0.27%) than the US (+0.17%) based on Q4 2023-Q4 2050 forecasts. However, the average of Q4 2023 - Q4 2050 quarterly (annualized) growth rate forecasts of the Eurozone is expected to be +0.87% with the Q4 1997 – Q3 2023 historical data whereas it is expected to be +1.49% for US. The US economy shows better prospects and greater momentum than the Eurozone economy.

Keywords: GDP; wavelet analysis; forecasting; US economy; Eurozone economy (search for similar items in EconPapers)
JEL-codes: C01 C5 C53 E17 E3 E37 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ejce.liuc.it/articles/ejce038.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:liu:liucej:v:22:y:2025:i:1:p:129-174

Access Statistics for this article

European Journal of Comparative Economics is currently edited by Matteo Migheli, Giovanni Ramello, Koji Domon, Peter Grajzl, David M. Kemme, Marcello Signorelli and Richard Watt

More articles in European Journal of Comparative Economics from Cattaneo University (LIUC) Contact information at EDIRC.
Bibliographic data for series maintained by Laura Ballestra ().