Europe’s economic growth is extremely fragile

When an economy contracts for two consecutive quarters, it is often considered to be in recession. European policymakers will be hoping that two consecutive quarters of growth are equally notable. Data released on August 14th showed that, in the second quarter of the year, the EU’s economy once again grew by 0.3% against the previous quarter. Although nothing to write home about by American standards, such growth is a relief after more than a year of stagnation.