Euro area GDP has stagnated over the past year, leaving output just 3 per cent higher than its pre-pandemic level. While somewhat better than in the UK, it is a far weaker recovery than seen in the US, where GDP stood nearly 9 per cent above its pre-pandemic level in the third quarter. Refresh this chart in your browser | Edit the chart in Datastream Looking to the GDP components, growth has been fairly subdued across the board. Household consumption has been sluggish at best and investment growth likewise. Government consumption has propped up GDP in recent quarters, and while net exports