Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

Good news and bad news on eurozone GDP data

Nov 04
 
Tags: PwC
Share this story:
Good news and bad news on eurozone GDP data

The good news to come out of the third quarter GDP data for the eurozone is that activity was up by 12.7 per cent when you look at it in terms of a quarter-on-quarter basis.

This was significantly higher than what had been expected and the biggest increase to be seen since records on the subject began.

As Barret Kupelian, senior economist at PwC, has pointed out, the rebound was quicker than that of the US.

Its figures for Q3 showed 7.4 per cent quarter-on-quarter growth. It’s important to take into consideration, however, that the eurozone’s slump of the quarter before had been much worse than that which the US experienced.

Mr Kupelian added: "Based on these numbers, the eurozone economy is now operating around four per cent below its output in the last quarter of 2019 with its large economies broadly following the same pattern.

“By comparison, in China, economic output is about three per cent higher compared to the fourth quarter of last year.”

The bad news is that with the current surge in infections, which is sweeping across Europe, the economy is likely to be impacted negatively once again.

Governments have responded in various ways, all of which are designed to limit contact, and this will undoubtedly be reflected in the Q4 figures when they’re released.

Mr Kupelian predicts a double dip in economic activity in light of the uncertainty surrounding the epidemiological picture as we head into winter.

The UK government’s own efforts to protect the economy from the repercussions of the virus have once again been stifled as England prepares to head into a second lockdown on Thursday (November 5th).

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities, or contact us on +44(0)207 089 9017. 

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£50k plus bonus, benefi...
Central London
Do you want to help ‘make a difference'? Do you want to help the public sector make policies, evaluate programmes and work out how to make changes for the better? Our client has an excellent team of
£60k-£80k plus bonus, benefi...
Central London
Our client is a leading advisory firm. They provide research and policy/economic consulting services to public and private sector clients throughout the UK and across the areas of Economic Development
£35k-£40k plus 15pc bonus, b...
Central London and Work From Home
Our client's work is with leading Life Sciences corporations in the EMEA region, including some of the worlds largest and most innovative pharmaceuticals and healthcare technology companies
£500-£900/day
Central London and Work from Home
Over the years, our client has built many successful businesses based off what is considered “traditional” data, being the credit and legal data of individuals and businesses
c.£75k including bonus, benefits
London and UK wide, good work-life bal...
Our client is a growing change management and organisation transformation boutique with offices in the UK and around the world. They have an excellent pedigree in the market and are rapidly growing