BIS central bankers’ speeches  7  The picture is similar for the dispersion of GDP growth. Before the crisis the dispersion of growth rates was around 2%, in both the euro area and the United States.
Dispersion rose somewhat during the crisis in both currency areas but remained broadly in line with pre-crisis patterns overall.1  Let us go one step further and investigate the sources of this growth dispersion in the US and euro area economies. This reveals parallels even in the root causes of dispersion in economic performance.