The outlook for the euro area economy The euro area economy grew by 0.8 per cent in the second quarter of 2022, mainly owing to strong consumer spending on services as the economy reopened. Economies with large tourism sectors benefited especially, as people travelled more over the summer. The still robust labour market also continued to support economic activity.
There is a stubbornly persistent lack of diversity in the economics profession.2 Year after year, minorities and women are underrepresented in the pool of individuals awarded a doctorate in economics in the United States relative to their share in the broader population, and the gap is especially acute for women of color.