Despite slower GDP growth, strengthening wage growth bodes well for consumers
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Economy Watch | Europe

Monthly updates on the state of the economy in Europe

Despite slower GDP growth, strengthening wage growth bodes well for consumers


September 12, 2018 | Report

The Q2 Euro Area GDP report reaffirmed the picture of slower growth in 2018 as global trade provides less tailwind, starting 2019 on a much weaker note. External threats such as a possible escalation of the Turkish financial crisis and a no-deal Brexit remain on the horizon. However, wage growth is clearly picking up now, which bodes well for consumer demand.


AUTHOR

Klaasde Vries

Former Senior Economist
The Conference Board


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