L confirms the last indicators that the economic situation in the euro area has slowed down. According to the Eurostat estimate, the European Statistics Agency, published on Thursday, real GDP grew by only 0.2% in the third quarter of the euro area ̵
The euro area then, according to the dating made by CEPR, a thought tank for European economists, its second recession in a row – after the financial crisis, since the so-called "sovereign debt crisis."
The years 2016 and 2017 had given rise to hope that the euro area would return to more sustainable growth. It didn't last.