European Parliament Library

Regional Economic Outlook, May 2009, Europe :, Addressing the Crisis

Europe is in a deep recession. Adverse feedback between the financial and real sectors and across borders is likely to delay the recovery and create downside risks. Unprecedented policies have been undertaken to address the crisis-but are they likely to be successful and sufficiently coordinated for a tightly integrated region? To restore trust and confidence in financial markets, additional and forceful action will be essential. Maintaining fiscal support should help soften the downturn, in particular if sustainability is supported by solid medium-term strategies and fiscal frameworks. To be effective, these policies require coordination across advanced and emerging economies. The report's analytical work underpins the link between fiscal sustainability, coordination, and effectiveness, and stresses that emerging markets have been affected differently by the crisis, with the quality of policies and external vulnerabilities being key factors
Table Of Contents
Cover; Contents; Executive Summary; 1. Outlook: Galvanizing Recovery; Synchronized Recession; Figures; 1. Euro Area: Contribution to Growth, 2006-08; Tables; 1. European Countries: Real GDP Growth and CPI Inflation, 2006-10; 2. Selected European Countries: Headline and Core Inflation, January 2006-February 2009; 3. iTraxx Credit Default Swap Europe Financials' Index, March 2007-April 2009; 4. Generalized Impulse Response Functions: Rate of Growth of Real GDP in Response to Negative Standard Error Shock to U.S. Equity Price Growth Rate
Literary Form
non fiction
"Addressing the crisis."
Physical Description
1 online resource (72 p.)
Specific Material Designation
Form Of Item

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