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Characterising the current expansion across non-euro area advanced economies: where do we go from here?

Author

Listed:
  • Bobasu, Alina
  • Comunale, Mariarosaria
  • Gomez-Salvador, Ramon
  • Quaglietti, Lucia

Abstract

This box looks at the current phase of the business cycle in major non-euro area advanced economies with a view to assessing the factors behind the transition to weaker growth.It shows that in several key advanced economies the output gap is currently in positive territory, with activity still expanding faster than potential. Although growth in non-euro area advanced economies has been slowing, signals of a severe slowdown or recession appear contained. This notwithstanding, downside risks abound and have increased lately. JEL Classification: E32, F44

Suggested Citation

  • Bobasu, Alina & Comunale, Mariarosaria & Gomez-Salvador, Ramon & Quaglietti, Lucia, 2019. "Characterising the current expansion across non-euro area advanced economies: where do we go from here?," Economic Bulletin Boxes, European Central Bank, vol. 2.
    • Handle: RePEc:ecb:ecbbox:2019:0002:1
    Note: 375755
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2019/html/ecb.ebbox201902_01~fb521e6bf2.en.html
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    Citations

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    Cited by:

    1. Hasse, Jean-Baptiste & Lajaunie, Quentin, 2022. "Does the yield curve signal recessions? New evidence from an international panel data analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 9-22.

    More about this item

    Keywords

    advanced economies; Business cycle;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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