![Philipp Heimberger on Twitter: "It doesn't make sense! The European Commission forecasts that the output gap in Italy (GDP < potential) next year will be 1.4%, and in Spain zero. No underutilisation Philipp Heimberger on Twitter: "It doesn't make sense! The European Commission forecasts that the output gap in Italy (GDP < potential) next year will be 1.4%, and in Spain zero. No underutilisation](https://pbs.twimg.com/media/E1kWJv6WUAE-fWR.jpg:large)
Philipp Heimberger on Twitter: "It doesn't make sense! The European Commission forecasts that the output gap in Italy (GDP < potential) next year will be 1.4%, and in Spain zero. No underutilisation
![Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article) Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)](https://wiiw.ac.at/files/news/images/386-1478.jpg)
Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)
![Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article) Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)](https://wiiw.ac.at/files/news/images/386-1477.jpg)
Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)
![Generalized impulse responses of output gap to a 1 standard deviation... | Download Scientific Diagram Generalized impulse responses of output gap to a 1 standard deviation... | Download Scientific Diagram](https://www.researchgate.net/publication/274509514/figure/fig1/AS:294777095507975@1447291744470/Generalized-impulse-responses-of-output-gap-to-a-1-standard-deviation-primary-deficit-to.png)
Generalized impulse responses of output gap to a 1 standard deviation... | Download Scientific Diagram
![An anatomy of the Spanish current account adjustment: the role of permanent and transitory factors | SpringerLink An anatomy of the Spanish current account adjustment: the role of permanent and transitory factors | SpringerLink](https://media.springernature.com/lw685/springer-static/image/art%3A10.1007%2Fs13209-020-00220-6/MediaObjects/13209_2020_220_Fig2_HTML.png)
An anatomy of the Spanish current account adjustment: the role of permanent and transitory factors | SpringerLink
![Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): if you average IMF (orange), European Commission (red) & OECD (blue) estimates for potential GDP from 2019, you get output gaps for Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): if you average IMF (orange), European Commission (red) & OECD (blue) estimates for potential GDP from 2019, you get output gaps for](https://pbs.twimg.com/media/EfNCJcyWAAA6h3H.png)
Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): if you average IMF (orange), European Commission (red) & OECD (blue) estimates for potential GDP from 2019, you get output gaps for
![Holger Zschaepitz on Twitter: "Why one monetary size fits not all: While Germany operates above trend, output gap remains huge in Spain,Italy (BBG) https://t.co/A5cDWGae4c" / Twitter Holger Zschaepitz on Twitter: "Why one monetary size fits not all: While Germany operates above trend, output gap remains huge in Spain,Italy (BBG) https://t.co/A5cDWGae4c" / Twitter](https://pbs.twimg.com/media/Cf5zxGPW4AAgeaj.jpg)