Challenges for the euro area In the context of the recent US slowdown, the following question is often raised: Who might take responsibility over from the United States for "global growth"? I would contend that this question is misleading from the outset. Indeed, the US economic policy has, in my view, always been conducted, and rightly so, with a clear focus on domestic objectives.
Since mid-2016, the global economy has continued to improve steadily, and its growth momentum now seems to be strengthening further. In particular, a global improvement in the manufacturing sector and trade activity has become clear.