This is the peer reviewed version of the following article: Benczes, I., & Szent-Iványi, B. (2017). The European economy: the recovery continues, but for how long? Journal of Common Market Studies, in press, which has been published in final form at http://dx.doi.org/10.1111/jcms.12581. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.