Yulia Slavina

Eurostat data signals poor growth, Daniel Kral notes

Eurostat data signals poor growth, Daniel Kral notes
Eurostat data points to weak growth

Daniel Kral notes that only the Eurostat flash estimate from the end of July is available and will be updated in the next iteration. He indicates that growth remains disappointing based on the current data.

Earlier this year, Daniel Kral discussed risks of stricter capital controls and financial repression in the EU as debt levels remained high and investment weakened, as reported in EU may tighten capital flow controls as financial pressures build. He also observed that U.S. GDP growth in the second quarter was on par with several mid-tier EU economies in his analysis U.S. GDP growth matches mid-tier EU economies, Daniel Kral argues. These earlier assessments provide context for his continued focus on economic growth data in the region.

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