* * * Today I will give you an assessment of the euro area economy and share some thoughts on where I see us heading and on what is needed to ensure long-run sustainable growth.1 On a positive note, we have good indications that the euro area economy is heading for a continued moderate, but steady recovery, which seems to have become resilient to global economic and political uncertainty.
Real GDP growth has expanded for the 14th consecutive quarter, growing by 0.3%, quarter-on-quarter, during the third quarter according to the flash estimate. The latest incoming economic indicators continue to point to similar growth rates for the coming quarters.