Escaping stagnation: towards a stronger euro area – Speech by Isabel Schnabel
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a lecture in memory of Walter Eucken Freiburg, 2 October 2024 The euro area economy is stagnating. Over the past two years, real GDP has expanded, on average, by only 0.1% per quarter. Surveys among firms indicate that growth is likely to