Preliminary data show that euro area real GDP expanded by 1.7% year on year in the third quarter of 2018, down from 2.2% in the second quarter. The slowdown in euro area economic growth since the start of the year primarily reflects a loss of momentum in global activity, amid heightened policy uncertainty and tighter financial conditions globally.
The ECB and the euro area national central banks have purchased many green bonds, both public and private, within the framework of their asset purchase programme, while ensuring that their purchases are conducted in a market-neutral manner.