Euro-area GDP growth outpaces America’s

THE enduring appeal of GDP is that it offers, or seems to, a summary statistic that tells people how well an economy is doing. On that basis, the euro-area economy is in fine fettle, indeed it is improving at a faster rate than America’s. Figures released today show that GDP in the currency zone rose by 0.5% in the first quarter of 2017, an annualised rate of around 2%. That is quite a bit faster than the 0.7% rate reported in the same period for America’s GDP.

These figures probably overstate the gap between the two economies. In recent years, first-quarter estimates of GDP growth in…Continue reading

This post was originally published in the Economist.

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Euro-area GDP growth outpaces America’s

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