Eurozone Rebound Lags U.S. Growth as Divergence Takes Hold

The eurozone’s economic recovery in the second quarter continues to trail behind the United States. The survey of purchasing managers shows that the private sector in the eurozone grew for the second consecutive month. Germany, the eurozone’s powerhouse economy, notably returned to growth after nearly a year. However, the survey indicates that the U.S. experienced faster growth, widening the gap between the two economies. This divergence could lead to differences in policies between the world’s leading central banks.