European Parliament Library

Regional Economic Outlook, October 2010, Europe, Building Confidence

Abstract
The recovery in Europe continues, supported by strong policy action to contain sovereign debt problems in the euro area. In advanced Europe, lingering uncertainties and market pressures make for moderate and unequal growth, creating challenges for macroeconomic and financial sector policies. The REO also sheds light on the governance issues revealed by the crisis, arguing that better policy frameworks, in particular at the euro area level, promise a stronger Europe. For the first time, the REO devotes a separate chapter to the outlook for emerging Europe, where, after a deep recession, an export-led recovery is under way. However, the rebound is uneven across the region, and policymakers face the difficult challenge of dealing with the legacies of the crisis, while not hurting the recovery. Beyond the short term, the REO argues that the region will need to find new growth engines, as the capital inflows-driven and credit-fueled domestic demand boom needs to give way to more balanced growth. Indeed, the REO emphasizes that active fiscal policy and coordinated prudential measures are key to avoiding a repeat of the boom-bust cycle the region has just endured
Table Of Contents
Cover; Contents; Introduction and Overview; Tables; 1. European Countries: Real GDP Growth and CPI Inflation, 2007-11; 1. Advanced Europe: Beyond Crisis Management; The Recovery Continues; Figures; 1. Euro Area: Contribution to Growth, 2006:Q1-2010:Q2; 2. Selected European Countries: Conditional Standard Deviation of Changes in 5-Year Sovereign CDS Spreads, January 2008-August 2010; 3. Selected European Countries and the United States: Real GDP, 2006:Q1-2011:Q4; 4. Selected European Countries: Key Short-Term Indicators; 5. Euro Area: Financial Conditions Index, January 2003-August 2010
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (87 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455267026

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