Output gap measured as a difference between actual and potential gdp growth reached -4.06% in 2014 in the European Union, according to the National Statistical Office. This is 3.26% more than in the previous year.
Historically, output gap measured as a difference between actual and potential GDP growth in the European Union reached an all time high of 3.48% in 2007 and an all time low of -4.20% in 2013.
European Union has been ranked within the group of 34 countries we follow in terms of output gap measured as a difference between actual and potential GDP growth.
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