The business cycle expansion is strengthening, but weak profit growth persists
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Economy Watch | Europe

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The business cycle expansion is strengthening, but weak profit growth persists


August 09, 2017 | Report

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Second-quarter GDP growth figures confirm a strengthening economic cycle for the Euro Area. Spain surprised on the upside, while the UK saw another quarter of weak growth. Profit growth has been muted so far, and pricing power has been weak. However, both businesses and consumers expect inflation to increase. 


AUTHORS

IlariaMaselli

Ilaria Maselli

Former Senior Economist
The Conference Board

Klaasde Vries

Klaas de Vries

Former Senior Economist
The Conference Board

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