European Parliament Library

Regional Economic Outlook, October 2011, Europe :, Navigating Stormy Waters

Abstract
Following a strong showing in early 2011, the economies across Europe now face the prospect of a pronounced slowdown, as global growth has softened, risk aversion has risen, and strains in Europe's sovereign debt and financial markets have deepened, according to this issue of the Regional Economic Outlook for Europe. Downside risks are significant, and a further deepening of the euro area crisis would affect not only advanced Europe, but also emerging Europe, given its tight economic and financial ties. The policy stance in advanced Europe will need to be adapted to reflect the weakening and tense outlook, financial systems strengthened further, and a consistent, cohesive and cooperative approach to monetary union adopted by all euro area stakeholders. The cross-country experience in the past decade in Europe shows the difference that good policies can make in boosting growth, with some European countries having grown rapidly while others have stagnated. Escaping low-growth traps, through broad-based reforms that address macroeconomic imbalances and country-specific structural rigidities, is possible
Table Of Contents
Cover; Contents; Erratum; Introduction and Overview; Tables; 1. European Countries: Real GDP Growth and CPI Inflation, 2009-12; 1. Advanced Europe: Reversing the Slide; Divergent Recoveries, but a Synchronized Slowdown?; Figures; 1.1. Selected Advanced European Countries: Sectoral Debt Levels, 2010; 1.2. Selected Advanced European Countries: Export Market Share, 2000 and 2010; 1.3. Selected Advanced European Countries: Real GDP, 2007:Q1-2011:Q2; 1.4. Euro Area: Contributions to GDP Growth, 2006:Q1-2011:Q2; 1.5. Euro Area Countries and United Kingdom: External Imbalances, 2009-11
Language
eng
Literary Form
non fiction
Note
"Oct 11."
Physical Description
1 online resource (128 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781463963859

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