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And what does this imply for the transatlantic growth gap?
After a year in which the euro area has trailed America, the growth gap is thus expected to be negligible.
It is also partly due to the growth gap between vibrant emerging economies and stagnant rich ones.
Much of the growth gap with America is accounted for by "market services"—ie, retailing, transport, finance and business services.
Many economists predict that the currency will weaken more as the growth gap between the core and peripheral states creates further disharmony.
The growth gap between the core and peripheral economies, based on data released so far, stood at just 0.1 percentage points.
Similar(28)
And with high debt levels, many are running out of fiscal room even as their economies remain weak.The dangers of getting too excitedThe danger is that these growth gaps will widen rather than narrow.
For example, if an old-growth gap dynamic forest or younger even-aged forest is hit by partial disturbances (e.g. surface fires, medium-severity windstorms), a cohort type forest structure and dynamics is likely to result.
Increasing the concentration of long chains from zero to unity, the zero-growth temperature, which separates the stable growing phase from the non-growing phase, first decreases for low concentrations of long chains, reaching a minimum value at intermediate concentrations, and increases again for higher concentrations, as a result a growth-gap appears.
Amid the growth, the gap between the living standards of Palestinian and Gulf Arabs narrowed a bit.
On taxes, spending and the role of government in spurring economic growth, the gap between the parties remains wide and fundamental.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com