Strong Economy in the USA, Economic Growth in Europe Still Muted. Business Cycle Report of August 2018

Marcus Scheiblecker

WIFO Bulletin, 2018, vol. 23, issue 10, 87-95

Abstract: After a rather sluggish growth at the beginning of the year, economic activity in the USA gained considerably momentum in the second quarter. In the EU, following a weak start, economic growth stabilised in the second quarter, although it slowed again in the euro area. The economy in Austria continues to expand strongly. Despite growth slowing down in comparison to previous quarters, GDP continues to expand faster than in the average of euro area countries. Unemployment dropped again in July.

Keywords: Business; Cycle; Report (search for similar items in EconPapers)
Date: 2018
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