Finance & economics | Onwards and sideways

Europe has no escape from stagnation

Things look increasingly dark for the continent

A view through an arched passageway in the city center of Rosenheim, Upper Bavaria, Bavaria, Germany.
Photograph: Getty Images

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 ”

From the February 8th 2025 edition

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