European Union-Turkey Relations

Jun 19, 2024 | ecb.europa.eu | da Silva |Antonio F. Dias |António Andrade Dias |Antônio M. Dias |Malin Andersson |European Union-Turkey Relations

Real GDP growth has been notably weaker in the euro area than in the United States since the start of the pandemic. Between the fourth quarter of 2019 and the fourth quarter of 2023, the euro area economy grew by around 3% in cumulative terms, while real GDP in the United States rose by more than 8% (Chart A), resulting in a cumulative growth differential of around 5 percentage points.

Aug 9, 2023 | ecb.europa.eu | European Union-Turkey Relations |Daniel Head |EU institutions |Jean-François Bouscasse

Words matter as much as actions for central banks. Because changes in tone can presage shifts in monetary policy. We have created an index to measure and compare the tone of policy communication by the ECB and the US Fed. This ECB Blog post talks you through the findings. What central banks say can influence prices on financial markets and, ultimately, how the economy evolves.