European economy

Slowdown in the growth of euro area economic activity

The global expansion continues at a more moderate pace . This is what the latest global economic activity indicators suggest, such as the global composite Purchasing Managers’ Index (PMI), which remains in expansionary territory (above 50 points) but fell to 52.7 points in December, the lowest level since September 2016. Likewise, the IIF Growth Tracker index, which seeks to estimate emerging markets growth, fell for the fifth consecutive month in December, although it still points to solid growth rates. This moderation in the pace of global economic activity seen in...