Europe has no escape from stagnation
Things look increasingly dark for the continent
It is hard to avoid the soft bigotry of low expectations. The EU’s statistics bureau titled a recent release—showing no economic growth in the last quarter of 2024—“GDP stable in the euro area”. “Stagnant” would have been more accurate.
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This article appeared in the Finance & economics section of the print edition under the headline “Onwards and sideways ”
Finance & economics
February 8th 2025
From the February 8th 2025 edition
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With the dollar faltering, European policymakers have an opportunity
Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Hell is other people’s currencies
As the Trump administration may soon find out
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